Australia's Vmoto slips on weak Q1 results

Vmoto

08/05/2023 03:01

** Shares of Vmoto  VMT.AX  slump as much as 20.6% to
A$0.270, on track to mark their worst day since Feb 2020, if
losses hold
    ** The electric two-wheeler manufacturer says it sold a
total of 7,391 units in 1Q23, down 8% from 1Q22 numbers
    ** Co posts 1Q23 international unit sales of 5,924 units,
down 23% on 1Q22
    ** Stock hits lowest level since June 29, 2020
    ** More than 990,000 shares change hands, compared with the
30-day average of about 90,000 shares 
    ** As of last close, VMT stock down ~13.9% this year
    


 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))