Australia's Hills rises on conducting review of loss-making NZ business

Hills

19/10/2021 04:06

** Shares of security and network solutions distributor 
 HIL.AX  rise as much as 3.5% to A$0.150 - highest since Sept. 7
    ** Co says it is undertaking further review of its
loss-making New Zealand security distribution operations
 urn:newsml:reuters.com:*:nASX3JWWhN
    ** Says it has commenced workplace change process with
employees to consider options for NZ business
    ** HIL's NZ business recorded an operating loss of A$1.9 mln
($1.41 mln) in FY21  urn:newsml:reuters.com:*:nASXbFWFFW
    ** More than 360,000 shares change hands, vs the 30-day
average of about 267,000 shares
    ** As of last close, stock had fallen 17.1% this year

($1 = 1.3441 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))