BUZZ-Australia's Gale Pacific marks more than five year low on cutting outlook

Reuters
05/05
BUZZ-Australia's Gale Pacific marks more than five year low on cutting outlook

** Shares of Gale Pacific GAP.AX fall 6% to A$0.094, their lowest since March 25, 2020

** The fabrics maker revises full year guidance for EBITDA to be between A$10 million ($6.43 million) and A$12 million from the previous range of A$18 million to A$20 million

** Says it sees impact of tariffs on its U.S. market in the fourth quarter

** Stock posts biggest intraday percentage drop since April 16

** Stock down 27.7% YTD, including moves in current session

($1 = 1.5542 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((JasmeenAraIslam.Shaikh@thomsonreuters.com;))

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