BUZZ-Australia's Jatcorp sinks to 1-year low on loss warning for year

Reuters

07-11

BUZZ-Australia's Jatcorp sinks to 1-year low on loss warning for year

** Shares of Jatcorp JAT.AX drops 12.7% to A$0.310, its lowest level since May 2024

** Co's shares lose most since April 14

** The dairy food producer expects an unaudited net loss after tax in the range of A$7.6 million to A$8 million for FY25, a decline in financial performance compared to a year ago

** Co says total revenue fell by A$39 million ($25.67 million) due to cessation of its international trading operations and losses related to the suspension of sales of Neurio-branded products in China, following a court ruling against co

** YTD, shares down 29%

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))

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