Australia's LGI loses most in 2-1/2 months on weak HY profit

Lgi

14/02/2025 01:31

** Shares of LGI  LGI.AX  fall as much as 6.4% to A$2.800,
their biggest intraday decline since November 27, 2024
    ** The renewable energy co reports HY statutory NPAT of
A$2.4 million ($1.51 million), down 22% from last year
    ** LGI misses Bell Potter's NPAT estimates of A$3.3 million
for HY
    ** About 41,000 shares change hands vs the 30-day average of
around 22,000 shares
    ** Stock down 2.7% YTD, including current session's moves

    ($1 = 1.5845 Australian dollars)

 (Reporting by Manasi Dasa Sundeep in Bengaluru)
 ((Manasi.DasaSundeep@thomsonreuters.com;))