Australia's Aerometrex falls on lower FY24 earnings forecast

Aerometrex

26/07/2024 01:39

** Shares of Aerometrex  AMX.AX  fall as much as 3.5% to
A$0.420, hitting their lowest level since July 4
    ** Aerial mapping co estimates its FY24 EBITDA to be between
A$2.6 million ($1.70 million) and A$2.9 million, down from prvs
year's A$3.83 million
    ** Stock sees its worst day since July 9, if current losses
hold
    ** Stock up more than 64% this year, as of last close

($1 = 1.5286 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))