Australia's Pointsbet hits 9-week low as half-year loss widens

PointsBet Holdings

28/02/2023 24:23

** Shares of Pointsbet Holdings Ltd  PBH.AX  slump as much
as 5.5% to A$1.375, their lowest since Dec 29
    ** Corporate bookmaker posts HY net loss after tax A$163 mln
($109.81 mln) vs loss of A$136.6 mln
    ** Says HY revenue from ordinary activities is up 28% to
A$178.1 mln
    ** Expects normalised EBITDA loss of between A$77 mln and
A$82 mln for second half of FY23
    ** Stock posts its biggest intraday pct fall since Feb 17
    ** Stock down 2% this year as of last close



($1 = 1.4843 Australian dollars)

 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))