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BUZZ-Australia's Coventry Group set for best day in three weeks on higher half-year sales

Reuters
01/23
BUZZ-Australia's Coventry Group set for best day in three weeks on higher half-year sales

** Shares of Australia's Coventry Group CYG.AX rise 1.8% to A$0.56, set for their strongest session since January 2 if current gains hold

** Industrial products supplier posts unaudited half-year sales of A$188.5 million ($128.99 million), up from A$179.4 million in the previous half-year

** Reports EBITDA of A$2.3 million

** However, co withdraws its FY26 earnings forecast pending a strategic review of its business portfolio

** Stock down 6.7% so far in January

($1 = 1.4613 Australian dollars)

(Reporting by Shruti Agarwal in Bengaluru)

((Shruti.Agarwal@thomsonreuters.com))

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