Australia's NTAW Holdings falls most in over 6 years after co withdraws FY25 outlook
17/12/2024 23:57
** Shares of Australia's NTAW Holdings NTD.AX fall as much
as 31.2% to A$0.265, their lowest levels since May 2020
** Stock posts its biggest intraday pct fall since Nov 2018
** The tyre and wheel distributor withdraws outlook for FY25
including its operating EBITDA forecast
** In a difficult trading environment, revenue growth has
not met expectations and it is not certain that shortfall will
be recovered over the balance of FY25 - NTD
** Near 455,235 shares change hands, vs 30-day average
volume of 48,273 shares
** Stock has fallen 65.8% so far this year
(Reporting by Roshan Thomas in Bengaluru)
((Roshan.Thomas@thomsonreuters.com))
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