Australia's Collins Foods faces worst day in 32 months on profit slump

Collins Foods

29/11/2022 24:14

** Shares of Australia's Collins Foods Ltd  CKF.AX  fall as
much as 15.1% to A$8.250 - set to mark worst day since March 18,
2020 if losses hold 
    ** Fast-food chain operator posts 58.2% drop in HY net
profit attributable to A$11 mln ($7.32 mln), declares a fully
franked dividend of 12.0 AU cents per share
    ** HY revenue from ordinary activities rose 15% to A$614.4
mln 
    ** Co says margin pressure expected to remain for balance of
FY23  
    ** Stock hits its lowest level since Oct. 13
    ** CKF had fallen 24.9% this year, as of last close
($1 = 1.5031 Australian dollars)
 (Reporting by Nausheen Thusoo)
 ((Nausheen.Thusoo@thomsonreuters.com;))