KFC Australia operator Collins Foods slumps a day after rallying on strong earnings

Collins Foods

26/06/2024 06:26

** Shares of Australia's Collins Foods Ltd  CKF.AX  fall as
much as 9.8% to A$9.020, marking their worst intraday drop since
late November 2022
    ** CKF touches its lowest level since June 12; among top
losers in the ASX All Ordinaries index  .AORD 
    ** CKF, which operates 279 KFC Australia restaurants among
others, advanced more than 7% on Tuesday after it announced a
15.6% growth in FY24 underlying NPAT to A$60 mln ($40 mln), with
revenue jumping ~10% to A$1.49 bln
    ** About 1.5 mln shares change hands, vs the 30-day average
of 445,601 shares
    ** CKF down 15.5% this year, as of last close


($1 = 1.4972 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))