Australia's Dusk Group loses most in 8 weeks as HY sales drop

Dusk

24/01/2022 03:33

** Shares of fragrance products retailer Dusk Group  DSK.AX 
drop as much as 6% to A$2.65, set for their worst session since
Nov. 29, 2021
    ** Says total sales in 1H FY22 declined 12% to A$80 mln
($57.45 mln); like-for-like sales down 10.1%  urn:newsml:reuters.com:*:nASXb9w9L2 
    ** Sales impacted by govt-mandated store closures, which
reduced the number of store trading days by about 24% 
    ** Expects pro forma EBIT between A$21 mln and A$21.5 mln
for 1H FY22, compared to A$28.3 mln in 1H FY21 
    ** About 441,000 shares change hands, compared with the
30-day average of about 185,000 shares 
    ** DSK hits lowest level since Nov. 29, 2021
    ** Stock down 11.6% this year, as of last close 

($1 = 1.3926 Australian dollars)

 (Reporting by Harshita Swaminathan in Bengaluru)
 ((Harshita.Swaminathan@thomsonreuters.com))