Australia's Close the Loop tumbles after full-year earnings disappoint

Close The Loop

25/08/2025 03:13

** Shares of Close the Loop CLG.AX fall as much as 33.3% to A$0.028, their biggest intraday pct loss since January 29

** The electronic goods refurbisher posts FY25 underlying net profit after tax and amortization of A$5.7 million($3.69 million), down 58% on pcp

** Shares hit their lowest level since June 27

** About 4.6 million shares change hands, 8 times the 30-day average of 577,241

** YTD, shares of the company down 86%

($1 = 1.5451 Australian dollars)

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))