Australia's Harris tech falls most in over 2-1/2 on FY loss forecast

Harris Technology

01/07/2022 05:31

** Shares of online retailing co Harris Technology Group
 HT8.AX  fall as much as 30% to A$0.021; set for their worst day
since Nov. 14, 2019, if losses hold
    ** HT8 expects FY22 net loss of between A$0.5 million and
A$0.65 million ($341,300 -$443,690), compared to a profit of
A$1.8 mln recorded in FY21  urn:newsml:reuters.com:*:nASX23kMbv
    ** Says sale of tech products fell with easing of pandemic
restrictions
    ** Sees full-year revenue of A$50 mln
    ** Shares hit their lowest level since April 16, 2020
    ** More than 5.7 million shares change hands, compared with
the 30-day average volume of about 882,000 shares 
    ** Stock has fallen about 74% this year, as of last close


($1 = 1.4650 Australian dollars)

 (Reporting by Anan Ashraf in Bengaluru)
 ((Anan.Ashraf@thomsonreuters.com;))