Australia's Saferoads Holdings sees worst day in a month on downbeat outlook

Saferoads Holdings

22/11/2021 05:03

** Shares of road safety solutions provider Saferoads
Holdings  SRH.AX  fall as much as 6.1% to A$0.230, their biggest
intraday percentage loss since Sept. 30 
    ** SRH forecasts HY loss before tax (after depreciation and
interest) of between A$400,000 ($289,640.00) and A$300,000, and
HY operating EBITDA between A$400,000 and A$500,000  urn:newsml:reuters.com:*:nGLF891rj1
    ** Co reported FY 2021 profit after tax of A$535,000, up
521% from a year earlier  urn:newsml:reuters.com:*:nASN001LPO
    ** Co also forecasts total revenue in the current half to be
down 15% compared to pcp
    ** Says adverse trading conditions including COVID-19 state
lockdowns have led to a shortfall in budget earnings year to
date 
    ** Stock hits lowest level since Oct. 1
    ** Saferoads down ~25.8% so far this year, as of last close 

($1 = 1.3810 Australian dollars)

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))