Australia's Mighty Craft hits over 2-month low on bleak quarterly update

Mighty Craft

31/01/2024 01:33

** Shares of Mighty Craft  MCL.AX  fall as much as 22.2% to
A$0.014, their lowest since Nov 28, 2023
    ** The craft drinks co says its quarterly unaudited
underlying EBITDA came in at A$0.3 mln ($197,340.00), down 70%
from prior corresponding period (pcp)
    ** Co adds quarterly unaudited group revenue fell by 5% pcp
to A$29.5 mln
    ** About 1.3 mln shares change hands, compared with the
30-day average volume of 172,486
    ** Stock has fallen 5.3% this year, as of last close

    ($1 = 1.5202 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))