Australia's Altech Chemicals falls as co swings to annual loss

Altech Batteries

23/09/2022 04:18

** Shares of Australia's Altech Chemicals Ltd  ATC.AX  fall
as much as 8.7% to A$0.105, set for their worst day since Sept
5, if losses hold 
    ** The battery materials tech firm posts FY net loss after
tax of A$5.8 mln ($3.84 mln), versus a profit of A$2.3 mln
reported last year  urn:newsml:reuters.com:*:nASX501LSB
    ** Says FY revenue down at A$468,659 from A$8.1 mln posted a
year ago 
    ** Stock on track for a second session of losses
    ** Altech stock down 4.2% YTD, as of last close 
     ($1 = 1.5094 Australian dollars)
 (Reporting by Nausheen Thusoo)
 ((Nausheen.Thusoo@thomsonreuters.com;))