Refile: BUZZ-Australia's McPherson's hits 15-1/2-yr low on earnings drop forecast

McPherson's

27/11/2024 03:40

(Corrects typo in headline)
    ** Shares of McPherson's  MCP.AX  fall 7.7% to A$0.36, their
lowest since March 2009
    ** Stock set for worst trading session since late August
    ** Aussie health and wellness products supplier expects H1
FY 25 underlying EBITDA to be significantly below yr-ago's A$7
mln ($4.5 mln)
    ** Says sales from core brands grew by 1% in first four
months of FY25
    ** Trading vol of 300,000+ shares is nearly 7x the 30-day
avg
    ** McPherson's down 40.5% YTD, including current session's
moves
 
 ($1 = 1.5454 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))