Tiger Brokers

BUZZ-Australia's Close the Loop tanks on lower profit forecast

Reuters
Jun 12, 2025
BUZZ-Australia's Close the Loop tanks on lower profit forecast

** Shares of Close the Loop CLG.AX fall 25.4% to A$0.050, their lowest level since trading debut on Dec 2, 2021

** Stock set for worst intraday drop since Jan 25, if trend holds

** Environmental services firm forecast H2FY25 EBITDA to nearly halve Y/Y

** Affected by underperformance of certain ops in North America, others - co

** Trading volume at about 2.8 mln vs 30-day average of 472,283

** CLG down 71.5% YTD

(Reporting by Adwitiya Srivastava in Bengaluru)

((Adwitiya.Srivastava@thomsonreuters.com))

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