Australia's Bhagwan Marine slips on bleak annual outlook
03/08/2026 01:47
BUZZ-Australia's Bhagwan Marine slips on bleak annual outlook ** Shares of Australia's Bhagwan Marine BWN.AX fall as much as 7.3% to A$0.255, their biggest intraday pct drop since July 17
** The marine solutions firm says it excepts FY26 EBITDA in range of A$38.5 million ($27.12 million) to A$40.5 million
** Last FY, company reported EBITDA of A$50.2 million
** Stock down over 44% this year, including the day's move
($1 = 1.4194 Australian dollars)
(Reporting by Rajasik Mukherjee in Bengaluru)
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Australia's Bhagwan Marine slips on bleak annual outlook