Tiger Brokers

BUZZ-Australia's Amotiv hits over 18-month low on first-half profit miss

Reuters
Feb 12
BUZZ-Australia's <a href="https://laohu8.com/S/AOV.AU">Amotiv</a> hits over 18-month low on first-half profit miss

** Shares of automotive parts maker Amotiv Ltd AOV.AX fall 9.2% to A$9.630, their lowest since July 25, 2023

** Stock posts biggest intraday drop since February 14, 2024

** AOV biggest loser in the ASX200 benchmark index .AXJO

** Posts 1H25 underlying NPAT of A$58.9 million ($37.07 million), down from A$51.4 million last year

** That missed Visible Alpha consensus of A$61.3 million

** Says growth in FY25 group revenue, underlying EBITA expected to be driven by slightly stronger skew in 2H25

** More than 390,000 shares change hands, 2 times the 30-day average of 192,473 shares

** Stock down more than 9% YTD, including session's moves

($1 = 1.5891 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((Jasmeenaraislam.shaikh@thomsonreuters.com))

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