Australia's WAM Global falls on disappointing results

Wam Global

22/08/2022 07:05

** Shares of Australia's WAM Global Ltd  WGB.AX  fall as
much as 2.74% to A$2.010- lowest since Aug. 11 
    ** The investment company announces FY net loss from
ordinary activities after tax of A$116.7 mln ($80.50 million)
vs. profit of A$95.9 mln yr earlier 
    ** Declares final dividend of 5.5 AU cents per share  
    ** Says operating loss for FY2022 is result of performance
of investment portfolio over the year, which decreased 16.5%
during the 12-month period 
    ** Stock on track to see worst day since June 14 if losses
hold  
    ** Shares are down ~13.7% YTD as of last close  
($1 = 1.4497 Australian dollars)

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