Tiger Brokers

BUZZ-Australia's Schaffer Corporation drops on weak half-yearly earnings

Reuters
Feb 18
BUZZ-Australia's Schaffer Corporation drops on weak half-yearly earnings 

** Shares of Australia's Schaffer Corporation SFC.AX fall as much as 1.9% to A$19.61, hitting their biggest intraday pct drop in two weeks

** The diversified industrial and investment firm posts half-year net profit attributable of A$5 million ($3.54 million), down 61% pcp

** Co adds half-year revenue of A$93.5 million, down 17% pcp

** Stock down 3% YTD, including session's moves

($1 = 1.4140 Australian dollars)

(Reporting by Aamir Sheik Khalid in Bengaluru)

((Aamir.SheikKhalid@thomsonreuters.com))

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