Australia's DGL Group slumps on swing to HY loss, estimate miss

DGL

28/02/2025 24:37

** Shares of DGL Group DGL.AX fall 9.5% to A$0.475

** Stock fell as much as 13.1% to A$0.455 earlier in the day, their lowest level since October 7, 2024

** Speciality chemicals firm posts HY net loss attributable of A$2.2 million ($1.37 million) vs a profit of A$5.9 million last year

** Company also announces HY adjusted EBITDA of A$26 million, missing UBS estimates by 15.6%

** 811,229 shares change hands, six times the 30-day average of 134,519

** Stock down 16.7% YTD, including current session's moves

($1 = 1.6051 Australian dollars)

 (Reporting by Manasi Dasa in Bengaluru)

 ((Manasi.DasaSundeep@thomsonreuters.com))