Australia's Thorn Group slides after earnings slump

Thorn

30/11/2022 02:52

** Shares of Thorn Group Ltd  TGA.AX  fall as much as 7.7%
to A$1.2, on track to see their worst day since May 12, 2021, if
losses hold 
    ** Financial services co records a net profit after tax of
A$0.6 mln ($401,100) for HY, compared to A$13.3 mln in the
previous year  urn:newsml:reuters.com:*:nASX5jWjBc
    ** Says revenue from continuing operations fell 31% from
A$10.4 mln to A$7.2 mln in HY 
    ** Shares hit lowest since Aug. 8
    ** Stock up 16.0% YTD, as of last close 
($1 = 1.4959 Australian dollars)
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))