Australia's IGO hits over 4-year low on swinging to half-yearly loss

IGO

20/02/2025 24:14

** Shares of IGO  IGO.AX  fall 5% to A$4.410, their lowest
level since November 2020
    ** Battery metal producer reports HY loss after tax
attributable A$782.1 million ($495.69 million), compared with a
profit of A$288.3 million last year
    ** Reduction in profit was primarily due to the Group's
lower profits from the Tianqi Lithium Energy Australia joint
venture, which decreased to a share of loss of A$602.2 million
for the period - co
    ** Stock down 5.9% YTD, including current session's moves


($1 = 1.5778 Australian dollars)

 (Reporting by Manasi Dasa in Bengaluru)
 ((Manasi.DasaSundeep@thomsonreuters.com;))