Australia's McPherson’s falls on widened FY loss

McPherson's

29/08/2024 04:40

** Shares of McPherson’s Ltd  MCP.AX  fall as much as 13.7%
to A$0.395, set for worst day since Nov. 29, 2023, if losses
hold     
    ** Beauty products maker says its full-year statutory net
loss after tax widened to A$16.0 million ($10.87 million), from
a net loss of A$5.1 million last year
    ** Co reports a 6% drop in its annual revenue
    ** Stock hits lowest level since July 23    
    ** MCP down 24.4% YTD, as of last close

($1 = 1.4725 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))