Australia's Close the Loop tanks on lower profit forecast
12/06/2025 03:37
** Shares of Close the Loop CLG.AX fall 25.4% to A$0.050, their lowest level since trading debut on Dec 2, 2021 ** Stock set for worst intraday drop since Jan 25, if trend holds ** Environmental services firm forecast H2FY25 EBITDA to nearly halve Y/Y ** Affected by underperformance of certain ops in North America, others - co ** Trading volume at about 2.8 mln vs 30-day average of 472,283 ** CLG down 71.5% YTD (Reporting by Adwitiya Srivastava in Bengaluru) ((Adwitiya.Srivastava@thomsonreuters.com))
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