Australia's Vita Group drops on weak HY forecast for primary business

Vita

26/11/2021 24:20

** Shares of retailer Vita Group Ltd  VTG.AX  fall up to
10.6% to A$0.420, hitting their lowest since Nov 18 
    ** Co says it expects its core business Artisan business to
report revenue in the range of A$12.5 mln to A$12.9 mln  ($9.26
mln - $8.97 mln) for six months ending December 2021
 urn:newsml:reuters.com:*:nASX8Xz12D
    ** Adds that the revenue guidance is a decrease of 15% to
17% to revenue for the prior year
    ** Anticipates HY EBITDA to be in range of A$1 mln to A$1.4
mln 
    ** Co on track for its third consecutive weekly loss session
    ** Stock posts its biggest intraday percentage fall since
Nov 18
    ** More than 758,000 shares change hands, compared with the
30-day average volume of about 697,000
    ** Stock has fallen 23.5% this year as of last close 


($1 = 1.3937 Australian dollars)

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))