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HUO - Huon Aquaculture News Story

A$3.14 0.1  2.3%

Last Trade - 07/08/20

Consumer Defensives
Small Cap
Market Cap £150.9m
Enterprise Value £279.9m
Revenue £178.2m
Position in Universe 453rd / 1833

BUZZ-Australia's Huon Aquaculture Group hits near 9-month low on FY forecast cut

Mon 6th May, 2019 1:46am
** Shares of salmon producer Huon Aquaculture Group Ltd
 HUO.AX  fall as much as 9.7 pct to A$4.120, their lowest since
Aug. 15, 2018
    ** Co cuts current year's fish harvest tonnage estimates to
19,000 tonnes from 20,000 tonnes due to slower growth rates*:nFWN22H00Y
    ** Co slashed its FY19 Operating EBITDA forecast to the
range of A$50 mln ($34.9 mln)-A$55 mln from A$64 mln-A$68 mln
    ** Stock posts its biggest intraday pct fall since Aug. 15,
    ** Stock poised to extend losses for a fourth consecutive
    ** Stock is the second biggest pct loser on the ASX all
ordinaries index  .AORD 
    ** Over 45,000 shares change hands, compared with the 30-day
average of 38,343 shares
    ** Co's stock has fallen 3 pct this year as of last close

($1 = 1.4347 Australian dollars)

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