Australia's Perenti slides on lower half-yearly profit

Perenti

24/02/2025 03:45

** Shares of Perenti  PRN.AX  down 16.5% at A$1.1525
    ** Stock falls as much as 19.9% earlier in the day to
A$1.105, posting its biggest intraday pct drop since mid-May
2021
    ** Mining services provider reports statutory NPAT of A$63.5
mln ($40.52 mln) for 1H25 vs A$69.8 mln for the same period last
year
    ** Says lower profit due to one-off costs, including product
development costs
    ** More than 6 mln shares change hands, 2.7 times the 30-day
avg
    ** Stock down ~17.6% YTD, including current session's moves

($1 = 1.5672 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))