Australia's Highcom drops to over 12-year low on HY loss

Highcom

29/02/2024 03:36

** Shares of Highcom  HCL.AX  fall as much as 13.3% to
A$0.130, their lowest level since June 30, 2011
    **  The ballistics and technology co posts HY loss
attributable of A$13.5 million compared to profit of A$6.1
million from previous year
    ** Adds, HY revenue from ordinary activities A$14.9 million
versus A$48.5 million from previous year
    ** About 615,115 shares change hands, 1.3 times the 30-day
average volume of shares
    ** Stock has fallen ~61% this year as of last close

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))