Australia's Metro Mining down on widened HY loss, higher expenses

Metro Mining

29/08/2024 06:16

** Shares of Metro Mining  MMI.AX  fall as much as 10.8% to
A$0.033, lowest since March 25     
    ** Miner says its half-year loss after income tax widened to
A$37.1 million  ($25.24 million) from A$16.7 million a year ago
    ** Co's HY finance expenses increased by over 63%
    ** Stock set for worst day since August 5, if losses hold   
    ** MMI up 76.2% YTD, as of last close

($1 = 1.4699 Australian dollars)

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