Australia's Enero Group slumps to record low as annual loss widens

Enero

21/08/2026 04:23

** Shares of Enero Group EGG.AX slump as much as 22% to a record low of A$0.23
** On track to log its worst session since February 16, 2023
** The marketing company full-year loss attributable widens to A$37.4 million ($26.70 million), compared with A$19.3 million reported a year ago
** Posts a 7% decline in net revenue, attributing it to challenging international technology market conditions and ongoing transformation underway at its Hotwire segment, and an unfavourable USD exchange rate decline
** About 3.6 million shares change hands, 25.7 times the 30-day avg
** Down 61% YTD, including the session's moves
     
($1 = 1.4010 Australian dollars)

(Reporting by Anjali Singh in Bengaluru)
((anjali.singh2@thomsonreuters.com; ))