Australia's Endeavour Group hits 2-week low on FY24 profit fall

Endeavour

26/08/2024 01:36

** Shares of Endeavour Group  EDV.AX  fall as much as 4.2%
to A$5.30, their lowest level since Aug. 9
    ** Hotel business co's NPAT falls 3.2% to A$512 mln ($347.44
mln) in FY24 due to increased finance costs
    ** Co posts 3.6% rise in FY24 sales
    ** Proposes final dividend of 7.5 AU cents per share, in
line with last year
    ** Says underlying sales momentum in both retail and hotels
segments has improved slightly in the first seven weeks of FY25
compared with Q4
    ** Stock up 6.1% YTD, as of last close 
   
($1 = 1.4736 Australian dollars)

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