Australia's Booktopia Group hits record low after cutting EBITDA forecast

Booktopia

08/02/2024 23:43

** Booktopia Group's  BKG.AX  shares fall as much as 19.4%
to A$0.05, hitting record low
    ** Stock seeing its worst day since July 7, 2023 
    ** Online book retailer sees FY underlying EBITDA in range
of A$1 mln ($649,000.00) to A$3 mln vs previous forecast of
A$13.5 mln
    ** Stock down -1.6% this year as of last close


($1 = 1.5408 Australian dollars)

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com))