Shares in MAAS Group Holdings (ASX:MGH) experienced a surge as much as 10.1% to A$3.150, their loftiest since June 8.

This construction services provider reported a 6% surge in Fiscal Year 2023 statutory net profit after tax to A$65.5 million ($41.83 million).

The company’s stocks had their most considerable intraday percentage gain since August 1.

The firm anticipates that Fiscal Year 2024 trading will generally line up with the run rate of the second half of FY23 on an annualized basis.

MAAS Group’s stock had risen 7.5% this year, as of the last close.

MAAS Group Holdings is a provider of construction services.