Australia's SDI falls most in 3-1/2 years on downbeat half-year sales

SDI

17/01/2025 03:15

** Shares of SDI Ltd  SDI.AX  fall 8.8% to A$1.04, their
lowest level since Nov. 24
    ** Teeth whitener maker's stock fell as much as ~11% earlier
in the session, marking its worst intraday drop since
mid-January 2022
    ** Co reports half-yearly sales of A$51.5 million ($31.99
million), down 1.5% on PcP
    ** Says tooth cavity filler Amalgam's sales plunged 14.6%
YoY, overshadowing gains in Europe and Brazil markets and
denting overall figures
    ** Over 293,000 shares change hands, 4.6x the 30-day avg
    ** Stock last year gained 58.6%


($1 = 1.6098 Australian dollars)
    

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com;))