UK's Kitwave tumbles after in line FY forecast, tepid H1 profit
02/07/2024 09:08
** Shares of wholesaler Kitwave KITW.L down 8.8% at 313.8
pence; among top losers across all London stocks
** Stock at its lowest level since March 2024
** Co expects full-year performance to be in line with
market expectations
** KITW posts about 17% drop in H1 pre-tax profit to 6.9 mln
pounds ($8.7 mln)
** As of last close, stock up 31.7% YTD
($1 = 0.7924 pounds)
(Reporting by DhanushVignesh Babu in Bengaluru)
((DhanushVignesh.Babu@thomsonreuters.com;))