Australia's Judo Capital tumbles nearly 40% on cutting profit forecast
25/06/2026 01:20
Australia's Judo Capital tumbles nearly 40% on cutting profit forecast June 25 (Reuters) - Australian lender Judo Capital Holdings JDO.AX trimmed its earnings forecast for 2026 on Thursday, citing an increase in provisions, sending its shares down nearly 40% in early trade.
The company now expects profit before tax for 2026 to be between A$163 million and A$169 million ($112.42 million-$116.56 million), below the A$180 million to A$190 million seen previously.
($1 = 1.4499 Australian dollars)
(Reporting by Nichiket Sunil in Bengaluru; Editing by Subhranshu Sahu)
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