PWR Holdings (ASX:PWH) issued a net profit after tax forecast of AU$3.2 million to AU$3.7 million for the first half of fiscal 2025, down from the reported AU$9.8 million a year earlier, according to a Wednesday filing with the Australian bourse.
A late start to three original equipment manufacturer electric vehicle programs, economic pressures, and higher semi-fixed production costs led to a fiscal first-half revenue forecast of AU$ 61.9 million, compared with the reported revenue of AU$64.2 million a year earlier, the filing said.
The company's shares fell almost 26% in recent Wednesday trade and earlier hit their lowest since July 2022.
Price (AUD): $6.72, Change: $-2.36, Percent Change: -25.99%
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