BUZZ-Johns Lyng Group hits over 4-year low as HY results miss estimate

Reuters
02-25
BUZZ-Johns Lyng Group hits over 4-year low as HY results miss estimate

** Shares of Johns Lyng Group JLG.AX drop 25% to A$2.850, their lowest since mid-October, 2020

** Building service provider posts HY NPAT A$20.8 million ($13.19 million) vs A$31.1 million a year earlier

** Posts HY revenue A$573.1 million, 7% lower than Visible Alpha consensus estimate

** Declares interim dividend of 2.5 Australian cents per share, lower than consensus expectation of 4.4 cents

** Co now expects FY25 total EBITDA ~A$126.5 million and total FY25 revenue A$1.167 billion, down 4.5% and 5%, respectively, from previous forecast

** Stock worst performer on ASX200 benchmark index .AXJO

** Stock down ~22.6% YTD, including day's moves

($1 = 1.5765 Australian dollars)

(Reporting by Himanshi Akhand in Bengaluru)

((Himanshi.Akhand@thomsonreuters.com;))

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