BUZZ-Australia's COSOL slides on forecasting lower H1 revenue
Reuters
Oct 30
BUZZ-Australia's COSOL slides on forecasting lower H1 revenue
** COSOL COS.AX slides 23.5% to A$0.455; set for biggest intraday percent decline ever
** Asset management solutions provider sees H1 revenue in the range A$7 mln-A$8 mln ($4.6 mln-5.2 mln) lower than PCP
** Says muted coal sector activity impacting business base, with drop in demand for advisory consulting, provision of professional services from major miners, among others
** YTD, COS falls 56.3%
($1 = A$1.5389)
(Reporting by Keshav Singh Chundawat in Bengaluru)
((Keshav.singhchundawat@thomsonreuters.com))
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