Australia's Noumi falls sharply on bigger FY22 loss

Noumi

29/08/2022 06:48

** Shares of fast moving consumer goods company Noumi Ltd
 NOU.AX  fall as much as 17% to A$0.195, lowest since Aug. 3
    ** Co records a loss from continuing operations of A$161.1
mln ($110.22 mln) for FY22, compared with a loss of A$38.6 mln
in previous year, due to disruptions from COVID-19, domestic and
global supply chain snags and an increase in key input costs
 urn:newsml:reuters.com:*:nFWN30303R 
    ** Revenue from ordinary activities from continuing
operations A$522.3 mln, down 4.6% due to lower traded dairy milk
sales and removal of unprofitable dairy product lines 
    ** Co expects margins on export sales to remain lower than
domestic margins in medium term 
    ** Shares of co down 43.4% YTD, as of last close  

($1 = 1.4616 Australian dollars)

 (Reporting by John Biju)
 ((John.Biju@thomsonreuters.com;))