Australia's Wiseway Group slumps after co flags full-year earnings hit

Wiseway

02/08/2022 02:39

** Shares of Wiseway Group Ltd  WWG.AX  fall as much as 24%
to A$0.095, mark their worst intraday session since July 2020 
    ** The freight logistics firm announces its earnings for
FY22 have been affected by several factors such as expanded
COVID-19 lockdowns in China, rainfall and floods in both New
South Wales and Queensland  urn:newsml:reuters.com:*:nASX258zxp
    ** Expects EBITDA to be in range of A$2 mln to A$5 mln
($1.40 mln - $3.51 mln), compared with A$8.1 mln last year
    ** Stock hits lowest level since July 11
    ** More than 127,000 shares change hands, compared with the
30-day average volume of about 96,000 shares
    ** Stock down 47.3% this year, as of last close
 
    ($1 = 1.4259 Australian dollars)

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