Australia's Generation Development hits near 2-year low on earnings miss
27/08/2026 01:51
BUZZ-Australia's Generation Development hits near 2-year low on earnings miss ** Shares of Generation Development Group GDG.AX fall 16.4% to A$3.210, their lowest level since October 2024
** Stock marks its biggest intraday pct drop since April 22
** GDG biggest percentage loser in the ASX 200 benchmark index .AXJO
** Diversified financial services firm reported FY26 underlying NPAT of A$40.7 million ($29.21 million), missing the Visible Alpha consensus estimate of A$41.7 million
** Statutory NPAT down 10% to A$31.9 million
** More than 1.8 million shares change hands, slightly ahead of the 30-day average
** GDG stock down 44% this year, including the day's move
($1 = 1.3933 Australian dollars)
(Reporting by Sameer Manekar in Bengaluru)
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