Johns Lyng Group hits over 4-year low as HY results miss estimate

Johns Lyng

24/02/2025 23:39

** Shares of Johns Lyng Group  JLG.AX  drop 25% to A$2.850,
their lowest since mid-October, 2020
    ** Building service provider posts HY NPAT A$20.8 million 
($13.19 million) vs A$31.1 million a year earlier
    ** Posts HY revenue A$573.1 million, 7% lower than Visible
Alpha consensus estimate
    ** Declares interim dividend of 2.5 Australian cents per
share, lower than consensus expectation of 4.4 cents
    ** Co now expects FY25 total EBITDA ~A$126.5 million and
total FY25 revenue A$1.167 billion, down 4.5% and 5%,
respectively, from previous forecast
    ** Stock worst performer on ASX200 benchmark index  .AXJO 
    ** Stock down ~22.6% YTD, including day's moves


($1 = 1.5765 Australian dollars)

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