Australia's Shaver Shop Group plunges after full-year outlook

Shaver Shop

16/06/2021 04:16

** Grooming products maker's shares  SSG.AX  fall as much as
13.8% to A$0.94, lowest since March 2020
    ** Shares slide after company forecasts fiscal 2021 profit
between A$16.8 mln and A$17.5 mln ($12.92 mln-$13.46 mln)
 urn:newsml:reuters.com:*:nFWN2NX1E2
    ** SSG reported profit of A$14.2 mln in the first half
    ** Stock on track for biggest single-day decline since Nov.
19, 2020
    ** Over 20 mln shares change hands, 11x 30-day avg, in
busiest trading day since Sept. 23 last year

 ($1 = 1.2999 Australian dollars)

 ((rushil.dutta@thomsonreuters.com))