Australia's DGL Group falls after warning of second-half loss
21/08/2026 06:47
BUZZ-Australia's DGL Group falls after warning of second-half loss ** Shares of Australia's DGL Group DGL.AX fall as much as 21.1% to A$0.300, posting their biggest intraday pct loss since April 16
** Stock hits its lowest level since August 5
** Diversified industrial co sees underlying net loss before tax between A$8.5 million and A$9.5 million ($6.06 million-$6.77 million) in H2 FY26, compared to a profit of A$2.4 million in H1 FY26
** Co says its earnings in H2 are impacted by significantly increased raw material prices due to the Middle East conflict
** YTD, stock down 43%, including session's moves
($1 = 1.4025 Australian dollars)
(Reporting by Paridhi Minda in Bengaluru)
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