NZ's KMD Brands near 4-yr low on weak trading update

KMD Brands

19/12/2023 21:42

** Shares of KMD Brands  KMD.NZ  slip as much as 9.1% to
NZ$0.700, hitting their lowest level since April 24, 2020 
    ** The travel equipment retailer says group sales for the
first four months of FY24 down 12.5% from last year 
    ** Says Group underlying EBITDA for FY24 YTD about NZ$16 mln
($10.03 mln) below last year
    ** Shares post their biggest intraday pct fall since July 12
    ** Shares on track to post a second consecutive session of
losses, if trend holds
    ** KMD shares down ~25% YTD, as of last close 
    

($1 = 1.5959 New Zealand dollars)

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))