Australia's Engenco falls on FY21 profit, revenue outlook

Engenco

25/06/2021 03:30

** Engineering company's shares  EGN.AX  fall as much as
2.8% to A$0.53
    ** Company says it expects FY21 net profit before tax to be
between A$8 mln and A$9 mln ($6.07 mln-$6.83 mln) vs A$10.2 mln
in FY20  urn:newsml:reuters.com:*:nRSD6c0zDQ
    ** Sees FY21 revenue A$163 mln-A$165 mln vs A$178.1 mln last
year
    ** EGN says expected result due to lower cyclical demand
than expected from some major customers affected by adverse
weather and disruptive rail network events in H2 FY21
    ** Company's shares down 11.5% this year, as of last close
 ($1 = 1.3172 Australian dollars)

 (Reporting by Aditya Munjuluru in Bengaluru)
 ((aditya.srivastsav@thomsonreuters.com))