BUZZ-Australia's Autosports Group drops on lower half-yearly profit, weak outlook

Reuters
02-20
BUZZ-Australia's Autosports Group drops on lower half-yearly profit, weak outlook

** Shares of Autosports Group Ltd ASG.AX fall 6.1% to A$1.7

** Stock hits lowest level since January 29 after dropping as much as 11.1% earlier in the session

** The automotive dealer co reports HY profit attributable of A$10.4 million ($6.60 million), down 70.4% from last year

** We continue to expect the 2H25 to be challenging for ASG, with the market (auto dealer) yet to bottom - Citi

** About 371,250 shares change hands, 2.5x the 30-day average volume of shares

** Stock down 4% this year as of last close

($1 = 1.5751 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((Jasmeenaraislam.shaikh@thomsonreuters.com))

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