Australia's HMC Capital drops on cutting earnings forecast
06/05/2025 04:34
May 6 (Reuters) - Shares in Australia's HMC Capital HMC.AX sank 8% on Tuesday, the most on the country's benchmark stock index, after the funds manager lowered its annual earnings forecast due to investments in its flagship private equity fund. The David Di Pilla-run investment manager currently expects fiscal 2025 operating earnings per security to be 66 Australian cents apiece, down from 70 cents expected last month. HMC's shares fell 7.9% to A$4.76 and was set for their biggest single-day drop since April 11. (Reporting by Rishav Chatterjee in Bengaluru; Editing by Savio D'Souza) ((Rishav.Chatterjee@thomsonreuters.com;))
Recent news on HMC Capital
See all newsBrief: HMC Capital Announces FY26 Dividend Of 12.0 AU CPS
Brief: HMC Capital Posts FY Revenue Of AUD 165.5 Million
Brief: HMC Capital Completes Financial Close Of Energy Platform Partnership With KKR
Brief: HMC Capital Secures A$1.35 Billion In Private Credit Institutional Mandates
Brief: HMC Capital Receives ACCC And FIRB Approvals For Energy Partnership With KKR