BUZZ-RHI Magnesita's London-listed shares fall after cutting annual profit outlook
Reuters07-30
BUZZ-RHI Magnesita's London-listed shares fall after cutting annual profit outlook** London-listed shares of refractory products supplier RHI Magnesita NV RHIM.L RHIM.VI slides 12.5% to 2,565p
** Stock set for biggest pct loss since March 2020, if trend holds** Expects adjusted EBITDA for full year to be between 370 million euros and 390 million euros ($427.42 million - $450.53 million), compared to 407 million euros reported last year** Including session's moves, stock down 20.3% YTD
($1 = 0.8657 euros)
(Reporting by Subiksha S in Bengaluru)
((Subiksha.S@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
