BUZZ-Australia's IGO hits over 4-year low on swinging to half-yearly loss

Reuters
02-20
BUZZ-Australia's IGO hits over 4-year low on swinging to half-yearly loss

** Shares of IGO IGO.AX fall 5% to A$4.410, their lowest level since November 2020

** Battery metal producer reports HY loss after tax attributable A$782.1 million ($495.69 million), compared with a profit of A$288.3 million last year

** Reduction in profit was primarily due to the Group's lower profits from the Tianqi Lithium Energy Australia joint venture, which decreased to a share of loss of A$602.2 million for the period - co

** Stock down 5.9% YTD, including current session's moves

($1 = 1.5778 Australian dollars)

(Reporting by Manasi Dasa in Bengaluru)

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

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