Australia's CleanSpace hits record low as sales dip amid vaccine rollouts, stockpiling

Cleanspace Holdings

30/03/2021 24:41

** CleanSpace Holdings Ltd  CSX.AX  tumbles as much as 49.9%
to a record low of A$2.220
    ** The respiratory protection equipment maker says business
has experienced lower sales over the current quarter and 3Q FY21
sales are expected to be A$7 mln ($5.35 mln)  urn:newsml:reuters.com:*:nASN0010BO
    ** Says volatility is likely to continue for some time, as a
result, will not provide H2 guidance 
    ** CSX says a sudden shift in North American healthcare
procurement is impacting sales - caused by acceleration of
vaccine rollout programs, spending constraints and a backlog
stockpiling of low-tech disposable masks
    ** Stock posts its biggest intraday percentage fall since
its listing last October 
    ** Moe than 1.7 mln shares change hands, compared with the
30-day average volume of about 182,000 
    ** Stock down 32.5% this year, as of last close

    ($1 = 1.3096 Australian dollars)

 (Reporting by Rashmi Ashok in Bengaluru)
 ((Rashmi.Ashok@thomsonreuters.com; +918061822604;))