Australia's Freelancer set for worst day in nearly 4 years on weak HY results

Freelancer

27/07/2021 01:55

** Shares of online outsourcing marketplace Freelancer Ltd
 FLN.AX  slump as much as 21.2% to A$0.89, on track for their
biggest one-day drop since Aug 2017
    ** Stock hits lowest level since May 3
    ** Co reports wider HY net loss attributable, 5.7% drop in
HY revenue  urn:newsml:reuters.com:*:nASX1Z59nG
    ** About 568,000 shares traded by 0044 GMT vs their 30-day
moving avg of about 221,300 shares
    ** Up to Monday's close, stock more than doubled in value
this year

 (Reporting by Shashwat Awasthi)
 ((Shashwat.Awasthi@tr.com
mailto:Shashwat.Awasthi@thomsonreuters.com))