BUZZ-Australia's Beacon Lighting falls on subdued HY result

Reuters
02-20
BUZZ-Australia's Beacon Lighting falls on subdued HY result

** Shares of Beacon Lighting Group BLX.AX fall 3.5% to A$3.28

** Stock fell as much as 8.8% to A$3.1 in early trade, its largest intraday pct loss since late March 2024

** Home lighting retailer posts NPAT of A$17.6 mln ($11.19 mln) for 1H25, down from A$18 mln logged last year

** Says operating expenses increased by ~5% in line with opening of new stores

** Citi says 1H25 result in line with consensus, expects short-term profit taking

** More than 98,000 shares change hands vs 30-day avg volume of around 60,000 shares

** Stock up 7.5% YTD, including current session's moves

($1 = 1.5726 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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