India's Wonderla Holidays sinks on Q1 profit fall

Wonderla Holidays

29/07/2024 10:56

** Shares of Wonderla Holidays Ltd  WOHL.NS  fall as much as
9.7% to 840.95 rupees
    ** Amusement parks and resorts co reported 25.1% fall in Q1
profit to 632.4 mln rupees ($7.55 million)
    ** Q1 total rev. from ops. fell 6.4% y/y and total expenses
increased 20.4% y/y
    ** Stock on track to snap 3 days of gains
    ** More than 388,000 shares traded as of 3:21 p.m., 8.2x
their 30-day moving avg
    ** WOHL last down 5.8%, rose 3.9% YTD so far


($1 = 83.7158 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))