Australia's Superloop drops most in nearly 3 weeks on tepid earnings

Superloop

26/08/2022 02:24

** Shares of fibre network operator Superloop  SLC.AX  slip
as much as 3.8% to A$0.770, their biggest intraday pct loss
since Aug 8 
    ** Co posts an annual loss after income tax attributable of
A$61.5 mln ($42.77 mln), compared with a loss of A$23.6 mln last
year  urn:newsml:reuters.com:*:nFWN3012CA
    ** Shares down for four straight weeks, having lost 1.9% so
far this week
    ** Superloop stock down 32.8% this year, as of last close,
vs a 5.3% decrease in the benchmark S&P/ASX 200 index  .AXJO  

    ($1 = 1.4380 Australian dollars)

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))