NZ's Wasteco hits 2-week low as FY loss widens

WasteCo

30/05/2024 05:57

** Shares of Wasteco Group  WCO.NZ  fall as much as 4.9% to
NZ$0.039, their lowest level since May 15
    ** Stock on track for worst day since May 15, if losses hold
    ** Waste recycling co posts FY total overall loss of NZ$4.14
mln ($2.53 mln), higher than NZ$1.92 mln loss last year
    ** Co expects to at least maintain the EBITDA achieved in
the second half of FY24 in FY25
    ** Stock down more than 29% this year as of last close 
   


($1 = 1.6393 New Zealand dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))