Australia's ALS tumbles on subdued half-year forecast

ALS

19/09/2024 01:25

** Shares of ALS Ltd  ALQ.AX  tumble as much as 12.4% to
A$13.090, set for worst day since March 16, 2020 - if current
losses hold 
    ** Stock down ~9.8% as of 0020 GMT 
    ** Testing services provider says it expects its underlying
net profit after tax for the September half to be down by 5% as
compared to PCP 
    ** Says decline in NPAT is due to volume headwinds in its
commodities business, especially in the Australian and Latin
American markets 
    ** Including day's moves, stock has risen ~5.5% this year

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))