Australia's Tribeca Global hits 4-week low after posting FY loss

Tribeca Global Natural Resources

23/08/2022 05:06

** Shares of Australia's Tribeca Global Natural Resources
Ltd  TGF.AX  fall as much as 6.3% to A$2.1 - lowest since July
27
    ** Investment co announces FY loss from ordinary activities
after tax attributable of A$11.8 mln, compared to a profit of
A$52.2 mln a year ago (nASX5PMKcD) 
    ** "Outcome is the result of substantial deterioration in
the valuation of investment markets around the world late in the
financial year" - Bruce Loveday, chairman of Tribeca 
    ** Stock to see worst day since June 20 if losses hold
    ** Shares down 13.2% YTD, as of last close

 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))