BUZZ-Australia's Coventry Group set for best day in three weeks on higher half-year sales
Reuters
Jan 23
BUZZ-Australia's Coventry Group set for best day in three weeks on higher half-year sales
** Shares of Australia's Coventry Group CYG.AX rise 1.8% to A$0.56, set for their strongest session since January 2 if current gains hold
** Industrial products supplier posts unaudited half-year sales of A$188.5 million ($128.99 million), up from A$179.4 million in the previous half-year
** Reports EBITDA of A$2.3 million
** However, co withdraws its FY26 earnings forecast pending a strategic review of its business portfolio
** Stock down 6.7% so far in January
($1 = 1.4613 Australian dollars)
(Reporting by Shruti Agarwal in Bengaluru)
((Shruti.Agarwal@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.