Australia's Toys "R" Us ANZ tumbles as HY loss widens

ToysRUs Anz

30/03/2023 02:02

** Shares of Australia's Toys "R" Us ANZ  TOY.AX  fall as
much as 5.3% to A$0.018, set to lose most since March 28, if
losses hold
    ** The toy distributor's HY loss widens to A$9.1 mln ($6.07
mln), compared with a loss of A$4.3 mln last year
    ** Co also reports HY revenue from continuing operations of
A$22.3 mln, as compared with A$23.4 mln in the year-ago period 
    ** Sees significant cost reduction of A$4 mln for the rest
of 2023
    ** Stock down 36.7% this year, as of last close 

    ($1 = 1.4981 Australian dollars)

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))