Australia's Bluebet Holdings slides after co swings to annual loss

Betr Entertainment

30/08/2022 02:27

** Shares of Australia-based bookmaker Bluebet Holdings
 BBT.AX  fall as much as 9.7% to A$0.420, their lowest since
June 24
    ** Co reports a loss after income tax of A$6.1 million 
($4.21 million) for FY22, compared with a profit of A$3 mln a
year ago  urn:newsml:reuters.com:*:nASX5bZmbC
    ** Co also posts an increase of 190.3% to A$13.9 mln in
advertising and market expense for FY22
    ** Stock records its biggest intraday pct fall since Aug. 1
    ** More than 303,000 shares change hands, vs the 30-day
average volume of 364,119 shares
    ** Stock down 68.4% this year, as of last close

($1 = 1.4489 Australian dollars)

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com))