Australia's Big River Industries drops on weak HY results

Big River Industries

21/02/2024 02:38

** Shares of Big River Industries  BRI.AX  fall as much as
4.5% to A$1.90, their lowest since Aug. 25, 2022
    ** Timber-focussed wood producer posts HY profit from
ordinary activities after tax attributable of A$7.1 mln ($4.66
mln), down 44.8% 
    ** Revenue from ordinary activities A$218.8 mln, down 5.9% 
    ** Nearly 140,700 shares change hands, 3.8 times the 30-day
average volume
    ** Stock down 5.2% this year, as of last close

($1 = 1.5249 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))