UK's Centaur Media slips on downbeat FY outlook

Centaur Media

10/10/2024 09:21

** Shares in Centaur Media  CAU.L  fall nearly 23% to near 3
yr low of 23.5p 
    ** Stock top percent loser across all London shares 
    ** British content firm sees lower annual core profit due to
marketing sector headwinds caused by macro-economic challenges
    ** Also sees profit margin for year behind market view and
rev of at least 34 mln pounds ($44.5 mln)
    ** Says headwinds to impact rev, profit for 2025 as well 
    ** Shares down over 50% so far this year 

($1 = 0.7649 pounds)

 (Reporting by Prerna Bedi in Bengaluru)
 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))