BUZZ-Australia's IGO falls as lithium producer swings to annual loss
Reuters
Aug 28
BUZZ-Australia's IGO falls as lithium producer swings to annual loss
** Shares of IGO LtdIGO.AX fall as much as 8.4% to A$4.9, their lowest level since August 8
** Stock logs its biggest intraday pct loss since July 30
** The lithium producer posts annual net loss after tax of A$955 million ($620.56 million), from a profit of A$3 million reported a year ago
** Co also logs a 37% drop in annual revenue to A$528 million
** Stock up 6.7% this year, including the day's move
($1 = 1.5389 Australian dollars)
(Reporting by Rajasik Mukherjee in Bengaluru)
((Rajasik.Mukherjee@thomsonreuters.com))
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