Afya Ltd on course for worst day since debut as Q2 profit falls

Afya

30/08/2019 18:20

** U.S.-listed shares of Brazilian medical education group
 AFYA.O  down as much as 26.6% at $23.05 - biggest intra day
loss since the stock's debut on July 19
    ** Co's Q2 net income falls 5.6% to $21.3 mln Brazilian
reais, as general and administrative expenses shoot up
 urn:newsml:reuters.com:*:nGNX28pjgx
    ** Revenue jumps 137% to $178.5 mln reais 
    ** More than 849,704 shares traded at 12.58 ET, 1.5x their
30-day moving avg
    ** Average rating of 4 analysts covering AFYA is "hold";
median PT $109.60
    ** AFYA shares gained ~65% since IPO at $19

 (Reporting by Dominic Roshan K.L. in Bengaluru)
 ((Dominic.RoshanKL@thomsonreuters.com))