Australia's DGL Group hits record low on weak full-year forecast

DGL

06/06/2025 06:45

** Shares of DGL Group DGL.AX falls as much as 6.1% to an all-time low of A$0.385

** Stock posts its biggest intraday percentage loss since April 9

    ** Specialty chemicals maker forecasts full-year underlying net profit after tax to be 55%-65% lower than FY24

** Co sees FY25 EBITDA to be 15%-20% lower than FY24

** About 366,000 shares change hands vs its 30-day average volume of ~183,000 shares

** Stock last down 4.9%, bringing YTD losses to 31.6%

 (Reporting by Anjali  Singh)

 ((anjali.singh2@thomsonreuters.com))