** Shares of Perenti PRN.AX down 16.5% at A$1.1525
** Stock falls as much as 19.9% earlier in the day to A$1.105, posting its biggest intraday pct drop since mid-May 2021
** Mining services provider reports statutory NPAT of A$63.5 mln ($40.52 mln) for 1H25 vs A$69.8 mln for the same period last year
** Says lower profit due to one-off costs, including product development costs
** More than 6 mln shares change hands, 2.7 times the 30-day avg
** Stock down ~17.6% YTD, including current session's moves
($1 = 1.5672 Australian dollars)
(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.