Australia's Southern Cross Electrical Engineering falls on HY profit dip

Southern Cross Electrical Engineering

27/02/2024 02:27

** Shares of Southern Cross Electrical Engineering  SXE.AX  
fall as much as 11.1% to A$0.845, set for worst day since Oct.
26, 2021 - if trend holds
    ** Maintenance services co says HY profit from ordinary
activities after tax attributable fell 1% to A$9.6 mln ($6.27
mln)
    ** Co reports a 0.1% increase in HY revenue from ordinary
activities    
    ** More than 990,100 shares change hands, compared with the
30-day average volume of about 173,500     
    ** SXE up 13.8% YTD, as of last close

($1 = 1.5302 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))