FireAngel Safety Technology hits record-low on lower H1 sales forecast

Fireangel Safety Technology

25/07/2023 08:36

** Shares of FireAngel Safety Technology Group  FA.L  down
as much as 25.41% to a record low of 3.21p 
    ** FA sees H1 sales falling 17% hurt by sustained trading
challenges  urn:newsml:reuters.com:*:nTUC8XXQXH
    ** Co says implemented price increases in Q2 to offset
higher input costs and improve margins
    ** Reports increased inventory due to lower-than-expected H1
sales 
    ** Adds, company's strategic review progressing 
    ** As of last close, stock down ~41% this year

    

 (Reporting by Yamini Kalia in Bengaluru)
 ((Yamini.Kalia@thomsonreuters.com))