NZ's Warehouse Group falls after co swings to annual loss

Warehouse

26/09/2024 01:57

** Shares of Warehouse Group  WHS.NZ  fall 5.7% to NZ$1.16,
set for their worst day since Aug 2, if losses hold
    ** The department stores operator posts a net loss after tax
of NZ$54.2 mln ($33.91 mln) for FY24, versus a profit of NZ$29.8
mln in FY23
    ** Co says annual sales fell 6.2% to NZ$3.0 bln y/y     
    ** WHS stock down 34.2%, YTD
 
    ($1 = 1.5982 New Zealand dollars)

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))