BUZZ-Australia's LGI loses most in 2-1/2 months on weak HY profit

Reuters
02-14
BUZZ-Australia's LGI loses most in 2-1/2 months on weak HY profit

** Shares of LGI LGI.AX fall as much as 6.4% to A$2.800, their biggest intraday decline since November 27, 2024

** The renewable energy co reports HY statutory NPAT of A$2.4 million ($1.51 million), down 22% from last year

** LGI misses Bell Potter's NPAT estimates of A$3.3 million for HY

** About 41,000 shares change hands vs the 30-day average of around 22,000 shares

** Stock down 2.7% YTD, including current session's moves

($1 = 1.5845 Australian dollars)

(Reporting by Manasi Dasa Sundeep in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com;))

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