Australia's Cokal slumps to 4-1/2-year low after HY loss widens

Cokal

14/03/2025 02:23

** ASX-listed shares of Cokal CKA.AX fall 15.7% to A$0.043, their lowest levels since July 23, 2020

** The coal firm posts an HY loss of $6.1 mln, compared with a loss of $5.3 mln last year

** The co also posts HY revenue down 16.7% from a year earlier

** Stock set for weakest trade since March 11, 2024, if current losses hold

** About 1.6 mln shares changes hands, 5x the 30-day average of 316,937

** CKA stock on track for a fourth consecutive session of losses

** Stock down 28.3% YTD, including current session's moves

 (Reporting by Manasi Dasa in Bengaluru)

 ((Manasi.DasaSundeep@thomsonreuters.com;))