Australia's Quickstep Holdings dips on bleak HY results

Quickstep Holdings

21/02/2023 03:58

** Shares of Quickstep Holdings  QHL.AX  dip as much as 9%
to A$0.455, their lowest level since Dec 8
    ** The aerospace component maker posts HY statutory net loss
after tax of A$4.4 mln ($3.03 mln) vs a profit of A$3.3 mln
    ** Says total revenue for half year ended Dec 31 2022 was
$45.4 mln, down 4%
    ** Adds broad cost management and operational recovery
effort initiatives expected to yield positive results in second
half of FY23
    ** Shares post their biggest intraday pct loss since Jan 31
    ** Stock has fallen 7.4% YTD as of last close
($1 = 1.4501 Australian dollars)
 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))