Australia's Orora eyes worst day in over 5 months on weak HY results

Orora

19/02/2024 24:59

** Shares of Orora  ORA.AX  fall as much as 7.6% to A$2.680,
biggest intraday loss since Sept. 6, 2023
    ** Stock at its lowest since Jan. 25
    ** Packaging co posts HY net profit for the period, after
significant items, attributable A$68.2 mln ($44.62 mln), down
36.9% from a year ago
    ** Co adds HY revenue from ordinary activities A$2,139.1
mln, down 5.5% from the corresponding period
    ** Stock up 11.5% YTD


($1 = 1.5284 Australian dollars)

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com))