Australia's SciDev sees worst day in nearly 2 years on weak HY results

Scidev

21/02/2022 03:35

** Shares of SciDev  SDV.AX  slide as much as 17.3% to
A$0.455, post their worst session since March 23, 2020, if
losses hold
    ** The wastewater treatment co posts https://www.asx.com.au/asxpdf/20220221/pdf/4565tlq27q06g6.pdf
 HY loss after income tax attributable of A$2.3 mln ($1.66 mln),
versus with HY profit after income tax attributable of A$427,000
in the same period last year
    ** Posts HY revenue from ordinary activities A$24.1 mln, as
compared with A$18.3 mln in the same period last year
    ** Stock hits lowest level since March 31, 2020
    ** More than 450,000 shares change hands, vs the 30-day
average of about 100,000 shares 
    ** Stock down ~5.2% this year, as of last close 
    

    ($1 = 1.3893 Australian dollars)

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