Australia's Investsmart hits 10-month low as co swings to quarterly loss

InvestSMART

24/04/2023 06:14

** Shares of Investsmart Group Ltd  INV.AX  slide as much as
15.8% to A$0.16, their lowest since June 21, 2022
    ** The fund operator posts operating loss of A$229,254 
($153,011.89) in the third quarter of FY23 vs a profit of
A$10,729 last quarter
    ** Q3 total operating income drops to A$2.4 mln from A$2.5
mln in Q2
    ** Stock posts its biggest intraday pct fall since Jan 5
    ** Stock down 39.7% this year, as of last close


    ($1 = 1.4986 Australian dollars)

 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))