Australia's Janison Education set for worst day in 3 months on lower HY profit

Janison Education

12/02/2024 24:03

** Shares of Janison Education Group  JAN.AX  fall as much
as 14.1% to A$0.350, set for worst day since Nov 14, if losses
hold
    ** The ed-tech co announced a 37% drop in its half-yearly
Earnings Before Interest, Taxes, Depreciation, and Amortization
(EBITDA) from year-ago levels 
    ** Co reported an HY gross profit of A$13.6 mln ($8.87 mln),
down 5% y/y 
    ** Janison stock at lowest level since Feb 5    
    ** Stock up 39.2% YTD, as of last close

($1 = 1.5326 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))