Australia's Booktopia tumbles on bigger HY loss

Booktopia

29/02/2024 02:18

** Shares of Booktopia  BKG.AX  fall as much as 10% to
A$0.054, face worst day since Feb 19 - if current losses hold 
    ** Online book retailer posts a bigger HY net loss after tax
of A$16.7 mln ($10.86 mln), compared with A$3.9 mln a year
earlier, due to one-off costs; reports 22% drop in HY revenue to
A$86.3 mln 
    ** Says second-half started on a soft note but continues to
forecast FY underlying operating profit of between A$1 mln and
A$3 mln 
    ** Stock has fallen ~4.8% this year, as of last close

($1 = 1.5378 Australian dollars)

 (Reporting by Archishma Iyer in Bengaluru)
 ((Archishma.Iyer@thomsonreuters.com;))