Australian glass bottles maker Orora slumps on earnings miss

Orora

12/02/2025 23:55

** Shares of Orora Ltd  ORA.AX  fall 6.2% to A$2.195, their
lowest level since August 12
    ** ORA fell as much as 11.11% to A$2.080 earlier in the day;
marks its worst intraday drop since April 2 last year
    ** ORA among top losers in the ASX200 benchmark index
 .AXJO 
    ** 1H25 underlying operating earnings A$120.8 million
($75.83 million) misses consensus of A$128 million
    ** 1H25 revenue of A$1.03 billion also misses consensus
    ** Citi calls it a challenging result, says it will "take
some time to digest near term"
    ** Stock down 9.6% this year, including the day's move


($1 = 1.5931 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com;))