Australia's Peter Warren Automotive hits record low on bleak earnings outlook

Peter Warren Automotive Holdings

12/12/2024 24:32

** Shares of Peter Warren Automotive  PWR.AX  fall as much
as 13.4% to a record low of A$1.455
    ** Stock posts its biggest intraday percentage decline since
May 28
    ** The automotive parts retailer sees underlying profit
before tax for first half of FY25 to be in range of A$6 mln 
($3.83 mln) to A$8 mln vs A$34.4 mln last year
    ** About 494,000 shares change hands, compared with the
30-day average volume of about 81,000
    ** Stock down 37.7% YTD, including session's move


    ($1 = 1.5676 Australian dollars)

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))