A2B Australia set for worst day since July on plans to skip special dividend

A2B Australia

03/11/2022 24:15

** Shares of A2B Australia  A2B.AX  fall as much as 8.7% to
A$1.05, set for worst session since July 18, if losses hold 
    ** Shares fall after the taxi service provider says that it
does not expect to be in a position to deliver a special
dividend from proceeds of property sales  urn:newsml:reuters.com:*:nASX9LFmrH
    ** Co says sale proceeds for 9-13 O'Riordian Street site
stopped, might re-visit process when market conditions improve
    ** Co, however, reaffirms its FY23 forecast and expects
positive EBITDA and solid EBITDA margin for FY23
    ** Stock hits its lowest since July 22
    ** A2B Australia stock down 13.5% this year, as of last
close
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))