Australia's Helloworld Travel drops on dismal HY earnings, outlook

Helloworld Travel

21/02/2022 01:38

** Shares of Australian travel distribution firm Helloworld
Travel Ltd  HLO.AX  fall as much as 6.7% to A$2.37, their worst
intraday session since Feb. 3
    ** Co posts HY loss after tax attributable of A$14 mln,
compared with a loss of A$14.9 mln last year  urn:newsml:reuters.com:*:nASXbCdF0r
    ** Co says it will continue to incur cash losses of A$1.5
mln/month for the next three months 
    ** Expects travel to ramp up significantly in the next 24
months, once COVID-19 impacts subside
    ** Stock hits lowest level since Feb. 7
    ** More than 350,000 shares change hands, compared with the
30-day average volume of about 324,000 shares
    ** Stock has risen 1.2% this year, as of last close

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))