BUZZ-Australia's CVC drops on forecasting bigger HY loss

Reuters

2025/02/10

** Financial investor CVC CVC.AX drops 1% to A$2.08; set for biggest intraday pct fall since January 31

** Co estimates H1 net loss after tax in the range of A$1.6 mln ($1 mln)- A$2.1 mln vs net loss of A$100,000 a year ago

** CVC has yet to assign any reason for expecting a wider loss; says will provide performance commentary in earnings release later this month

** Co's board announces no dividends payout in H1

** Stock rose 6.5% in 2024

($1 = 1.5949 Australian dollars)

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com;))

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