Australia's Dusk Group slumps to 2-month low on FY profit drop

Dusk

30/08/2023 04:21

** Shares of Dusk Group  DSK.AX  fall as much as 13.8% to
A$1.0, hitting their lowest level since June 29
    ** Stock last down 11.2%, set for worst day since May 19, if
losses hold
    ** Home fragrance retailer reports FY net profit
attributable of A$11.6 mln ($7.50 mln), down 37.3% YoY
    ** Declares FY23 final dividend of 3 Australian cents per
share vs FY22 final dividend of 10 Australian cents per share
    ** Says sales for first seven weeks of FY24 were 15.6% lower
compared to prior corresponding period  
    ** Stock had fallen 34.1% this year, as of last close
    
($1 = 1.5470 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((Shivangi.Lahiri@thomsonreuters.com;))