Australia's Dicker Data hits 12-week low after weak HY results

Dicker Data

30/08/2024 02:05

** Shares of Dicker Data  DDR.AX  fall as much as 9.3% to
A$9.160, their lowest level since June 5
    ** Technology costs posts 5.7% drop in HY24 NPAT
attributable and 2.1% fall in revenue from ordinary activities
    ** Says decline in profit due to increase in employee and
finance costs
    ** About 482,291 shares change hand compared to 30-day
average trading volume of 244,928 shares 
    ** Stock down about 15% YTD as of last close 
   

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))