Australia's Storage King Group hits 19-month low on profit drop
14/08/2026 01:49
BUZZ-Australia's Storage King Group hits 19-month low on profit drop ** Shares of Australia's Storage King Group SKG.AX fall as much as 11.9% to A$1.115, hitting their lowest since January 15, 2025
** Storage firm logs 46.6% drop in full-year net profit after income tax to A$154.3 million ($108.98 million)
** Expects FY27 distribution of 4.50 Australian cents per security, lower than the 6.20 cents announced for FY26, citing interest headwinds and room to retain earnings for reinvestment in growth
** Stock down over 25%, YTD
($1 = 1.4158 Australian dollars)
(Reporting by Shruti Agarwal in Bengaluru)
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Brief: Storage King Group Announces FY27 Distribution Guidance 4.50 AU Cents Per Security