MEGAPORT ORD
Market wrap: Budget helps to drag down market 1.3%
Budget drag knocks ASX 200 1.3% weekly drop; miners slip on copper fall, gold slump; tech rebounds, banks steady amid volatility.
Megaport reports strong revenue growth, expands product offering
Global connectivity specialist Megaport (ASX: MP1) is well-placed to expand on a number of new product offerings and sales strategies after reporting strong revenue growth for the December 2023 quarter. The company’s total revenue for the quarter jumped 5% to $48.6 million, up $2.1m on the previous period. Despite being negatively impacted by significant foreign […]
Megaport upgrades earnings guidance for FY23
Cloud connectivity provider Megaport (ASX: MP1) has announced an upgrade to its earnings data for the 2023 financial year as a result of continued operational improvements. The company has forecast a normalised earnings before interest, taxation, depreciation and amortisation (EBITDA) calculation of up to $21 million, compared to the previous guidance of up to $18m. […]
Blackmores greenlights $1.8b Kirin takeover, Kogan remains profitable as sales soften and Megaport reveals higher EBITDA guidance
Shares in Australia’s largest health supplement group Blackmores (ASX: BKL) surged this week after it revealed Japan’s Kirin had made a $1.8 billion offer. Blackmore’s board and major shareholder Marcus Blackmore have given the acquisition the green-light. Mr Blackmore had an 18% stake in the company his father founded, and sold his holding to Kirin […]
