New Zealand's Hallenstein Glasson Holdings hits over 5-month low on weak forecast

Hallenstein Glasson Holdings

16/02/2020 23:07

** Shares of Hallenstein Glasson Holdings Ltd  HLG.NZ  fall
as much as 2.7% to NZ$5.70, their lowest since September 2019
    ** The retailer expects H2 profit after tax to be between
NZ$15.2 million and NZ$15.7 million ($9.8 million-$10.1 million)
compared with NZ$16 million a year ago  urn:newsml:reuters.com:*:nL8N2AG0TF
    ** Company flags uncertainty surrounding the effect of the
novel coronavirus on its supply chain
    ** Over 43,000 shares trade hands, compared with the 30-day
average volume of about 20,000
    ** Stock has fallen 3% this year, as of last close

($1 = 1.5528 New Zealand dollars)

 (Reporting by Arpit Nayak; Editing by Peter Cooney)
 ((Arpit.Nayak@thomsonreuters.com;))