Australia's Gold Road Resources falls on bleak FY results

Gold Road Resources

26/08/2024 03:46

** Shares of Gold Road Resources  GOR.AX  fall as much as
4.4% to A$1.740, set for worst day since July 31, if losses hold
   
    ** Gold producer says its net profit after tax for fiscal
2024 was A$43.1 mln ($29.25 mln), down 22.7% from pcp     
    ** Co reported a 7.6% drop in its full-year revenue from
ordinary activities
    ** Stock hits lowest level since August 12    
    ** GOR down 7.4% YTD, as of last close

($1 = 1.4736 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))