Australia's People Infrastructure falls as first-half profit slumps

PeopleIn

18/02/2022 01:00

** Shares of People Infrastructure  PPE.AX  fall as much as
3.7% to A$3.930, extending losses to a sixth straight session 
    ** The workforce solutions firm says its first-half profit
after tax attributable plunged 60.2% to A$4.6 mln ($3.30 mln)
and co declared an interim dividend of 6.5 Australian cents per
share   urn:newsml:reuters.com:*:nASX66TdGs
    ** Co says its FY22 earnings is expected to be within the
analyst consensus forecast 
    ** Stock hits lowest level since Feb 8 and on track for
worst week since Jan 14, if losses hold
    ** PPE stock down ~7.1% this year, as of last close 

     ($1 = 1.3924 Australian dollars)

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))