Australia's CleanSpace hits record low after forecasting H2 loss

Cleanspace Holdings

07/07/2021 02:08

** Shares of CleanSpace Holdings Ltd  CSX.AX  fall as much
as 28.2% to record low of A$1.36
    ** The respiratory protection equipment maker expects H2
FY21 revenue to fall 74% to A$10.2 mln ($7.64 mln) from H1
 urn:newsml:reuters.com:*:nASX8Z7h9c
    ** CSX also expects H2 EBITDA loss to be in range of A$2.1
mln to A$1.9 mln, compared to a profit of A$19.1 mln in H1 
    ** Says operating environment in H2 has been challenging,
with significant impact on purchasing patterns from U.S.
vaccination rollouts programs, oversupply of disposable masks
and lockdown restrictions 
    ** Stock posts its biggest intraday pct fall since March 30
    ** More than 1.2 mln shares change hands, vs the 30-day
average volume of 179,000 shares
    ** Stock has fallen ~71% this year
    
  


($1 = 1.3348 Australian dollars)

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))