BUZZ-Australian glass bottles maker Orora slumps on earnings miss

Reuters
02-13
BUZZ-Australian glass bottles maker Orora slumps on earnings miss

** Shares of Orora Ltd ORA.AX fall 6.2% to A$2.195, their lowest level since August 12

** ORA fell as much as 11.11% to A$2.080 earlier in the day; marks its worst intraday drop since April 2 last year

** ORA among top losers in the ASX200 benchmark index .AXJO

** 1H25 underlying operating earnings A$120.8 million ($75.83 million) misses consensus of A$128 million

** 1H25 revenue of A$1.03 billion also misses consensus

** Citi calls it a challenging result, says it will "take some time to digest near term"

** Stock down 9.6% this year, including the day's move

($1 = 1.5931 Australian dollars)

(Reporting by Sameer Manekar in Bengaluru)

((Sameer.Manekar@thomsonreuters.com;))

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