Australia's Best & Less Group faces worst day in 2 months on HY results

Best & Less group

25/01/2023 24:30

** Shares of Best & Less Group Holdings Ltd  BST.AX  fall as
much as 6.4% to A$1.975, posting their biggest intraday pct drop
since Nov. 22 
    ** Australian apparel speciality retailer says net profit
after tax for first half of fiscal 2023 A$13.7 mln ($9.64 mln),
down 33.8% from a year ago
    ** Says online sales fell 29.8%, like-for-like sales down
4.9%
    ** Total revenue, however, rose to A$324.8 mln from A$287.5
mln
    ** Stock down 11.6% YTD, as of last close
($1 = 1.4211 Australian dollars)
 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@Thomsonreuters.com))