NZ's KMD Brands at near 2-week low on fiscal 2023 subdued profit

KMD Brands

20/09/2023 04:59

** Shares of KMD Brands  KMD.NZ  fall as much as 3.7% to
NZ$0.79, their lowest since Sept 18 
    ** KMD stock posts its biggest intraday pct fall since Sept
11
        ** Co reports FY 2023 net profit from continuing
operations
    ** Reports FY net profit from continuing operations of
NZ$36.6 mln ($21.71 mln), down 0.6% vs a year-ago period
    ** Co says Aug group sales down 6.4% vs last year
    ** KMD Brands stock down 20.4% YTD, as of last close 

   ($1 = 1.6861 New Zealand dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))