Australia's Lycopodium drops on lower HY profit, weak forecast

Lycopodium

19/02/2025 02:43

** Shares of Lycopodium  LYL.AX  fall 10.6% to A$10.23
    ** Stock hits lowest level since January 8
    ** Construction services provider reports HY net profit
attributable of A$25.2 million ($16.00 million), down from A$30
million a year earlier
    ** Sees FY25 NPAT in the range of A$37 million to A$43
million vs FY24 NPAT of A$50.7 million
    ** Co declares interim dividend of 10 Australian cents per
share, same as last year
    ** More than 132,500 shares change hands, 3.5 times the
30-day average volume of shares
    ** Stock up 15.1% this year, as of last close
    
($1 = 1.5753 Australian dollars)

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