ASX-listed DGL Group faces worst day ever on bleak forecast

DGL

31/08/2022 04:03

** Shares of the chemical manufacturer  DGL.AX  fall as much
as 28.3% to A$2.05, set for worst day ever if losses hold
    ** Stock hits lowest level since Aug. 25, 2021  
    ** Co expects FY23 earnings growth to flatten due to
inflationary cost pressures  urn:newsml:reuters.com:*:nASX11LpvG
    ** Says acquisitions and other growth projects helped in
FY22 earnings growth, which may not be replicated to the same
extent in FY23
    ** Co's FY22 NPAT nearly triples to A$33.6 mln ($23.1 mln)
    ** Shares down 8.6% YTD, as of last close 

($1 = 1.4577 Australian dollars)

 (Reporting by Nausheen Thusoo)
 ((Nausheen.Thusoo@thomsonreuters.com;))