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Investment
2 mins to read
4

DGL shares plummet on flat earnings, forecast profit drop

Shares in chemicals group down more than 40% on half-year result

‘The company has an intensified focus on cost management and maximising efficiencies.’

Hamish McNicol Tue, 27 Feb 2024
Key points
  • Revenue: Flat at A$217 million.
  • Profit: Down 43% to A$5.9m.
  • Key takeaway: DGL shares have fallen more than 40% after the company forecast a full-year profit drop.

Shares in New Zealand-founded, ASX-listed chemicals group DGL have fallen more than 40% after the company warned its full-year net profit would be lower than last year.

The company today reported revenue for the six months ended December 31, 2023 of A$217 million, down slightly on the previous

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Hamish McNicol Tue, 27 Feb 2024
Contact the Writer: Hmcnicol@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Key points
  • Revenue: Flat at A$217 million.
  • Profit: Down 43% to A$5.9m.
  • Key takeaway: DGL shares have fallen more than 40% after the company forecast a full-year profit drop.
Company profile
Powered by: asx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Related News
Investment

DGL looking to increase board representation, diversity
Investment

DGL chair quits
Featured Listers 2023
4

Featured NBR Lister 2023: Simon Henry
Investment
4

DGL profit falls 31%, board changes rung
Law

Multi-million-dollar DGL acquisition dispute settles
Investment
2

DGL shares continue to tumble
DGL shares plummet on flat earnings, forecast profit drop
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