Australia's Articore Group hits record low on weak outlook, lower HY revenue

Articore

30/01/2025 01:08

** Shares of Articore Group  ATG.AX  fall 11.3% to a record
low of A$0.235
    ** The online marketplace operator reports a 12% fall in its
half-yearly marketplace revenue to A$230.4 mln ($143.68 mln)
    ** Co says trading conditions are expected to remain soft in
key markets in FY25
    ** Stock marks its worst intraday pct drop since Nov. 22
    ** Stock down 16% this year, including day's move

($1 = 1.6036 Australian dollars)

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