Construction Partners eyes worst day in 10 months as Ukraine crisis hits profits

Construction Partners

06/05/2022 16:52

** Shares of civil infrastructure co  ROAD.O  down ~10% at
$23.55, set for worst day since June 2021
    ** Co reports net loss of 18 cents per share, while analysts
 were expecting a loss of 5 cents/shr, according to Refinitiv
IBES data
    ** Says rapid increase in energy costs due largely to
Russia's invasion of Ukraine dented profits in the quarter
    ** Expects the impact to lessen in second half of fiscal
2022; says it has raised equipment rates used in bids to cover
the new market prices of diesel and other fuels 
    ** Shares down ~20% YTD

 (Reporting by Deborah Sophia in Bengaluru)
 ((DeborahMary.Sophia@thomsonreuters.com;))