BUZZ-Australia's Mitchell Services drops on lower fourth-quarter earnings
Reuters
Jul 23
BUZZ-Australia's Mitchell Services drops on lower fourth-quarter earnings
** Shares of Mitchell Services MSV.AX fall 16.7% to A$0.25, lowest level since July 8
** Drilling services provider posts Q4 revenue of A$50.5 mln ($33.13 mln), compared with A$56 mln a year before
** EBITDA falls to A$7.7 mln from A$9.9 mln in Q4 FY24
** More than 554,800 shares change hands, 2.4x the 30-day avg volume
** Session extends YTD losses to 26.5%
($1 = 1.5244 Australian dollars)
(Reporting by Shruti Agarwal in Bengaluru)
((Shruti.Agarwal@thomsonreuters.com))
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