BUZZ-Australia's IVE Group slips to near 1-month low on downbeat annual outlook
Reuters
Nov 25
BUZZ-Australia's IVE Group slips to near 1-month low on downbeat annual outlook
** Shares of IVE Group IGL.AX fall as much as 7.7% to A$2.96, their lowest level since October 31
** Stock marks its worst session since August 26
** The diversified marketing firm posts softer-than-expected year-to-date revenue across retail and media sectors
** Projects full-year underlying net profit after tax at the bottom end of the previously forecasted range of A$50 million to A$54 million ($32.30 million to $34.91 million)
** Stock up 35.7% YTD, including the session's moves
($1 = 1.5470 Australian dollars)
(Reporting by Anjali Singh in Bengaluru)
((anjali.singh2@thomsonreuters.com;))
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