Australia's Boom Logistics hits two-week low on dismal forecast

Boom Logistics

26/08/2022 06:33

** Shares of Boom Logistics Ltd  BOL.AX  fall as much as
3.1% to A$0.155, their lowest level since Aug 12
    ** The lifting solutions company forecasts 1H FY23 revenue
and earnings to come in below 1H FY22 numbers, on account of
deferred project and supply chain snags  urn:newsml:reuters.com:*:nASX3DkK7g
    ** Shares fall despite co posting FY net profit after tax of
A$3.8 mln, up 208% year-on-year
    ** More than 570,833 shares change hands, compared with the
30-day average volume of about 218,000 shares
    ** Stock up 13.5% this year, as of last close
 

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))