Australia's HighCom hits near 2-year low on half-year loss forecast
Mon 05:38
BUZZ-Australia's HighCom hits near 2-year low on half-year loss forecast ** Shares of Australia's HighCom HCL.AX fall as much as 10.3% to A$0.13, lowest level since August 2, 2024
** Stock posts biggest intraday pct drop since April 16
** Defence firm now expects H2 EBITDA loss of between A$1.2 million and A$1.6 million ($840,360 and $1.12 million)
** Co had earlier expected a return to breakeven or profitability in the second half
** YTD, stock down 53.6%, including day's moves
($1 = 1.4280 Australian dollars)
(Reporting by Aamir Sheik Khalid in Bengaluru)
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