Australia's National Tyre & Wheel falls after weak FY results

NTAW Holdings

29/08/2023 06:21

** Shares of National Tyre & Wheel Ltd  NTD.AX  slide as
much as 16.9% to A$0.540, their lowest since June 28
    ** Stock last down 10.8%, set for worst day since Dec. 23,
if losses hold
    ** The tire and wheel distributor posts 64.6% decline in FY
net profit attributable
    ** 413,147 shares change hands, 7.5 times the 30-day avg of
55,146 shares
    ** As of last close, stock up 20.4% YTD

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))