Coventry Group Reports Higher Fiscal Q3 Sales; Shares Hit All-Time Low
MT Newswires Live
Apr 20
Coventry Group (ASX:CYG) reported fiscal third-quarter sales of AU$88.2 million, up 1.4% from a year earlier, according to a Monday filing with the Australian bourse.
The company also reported earnings before interest, taxes, depreciation, and amortization of AU$2.1 million for the quarter, down 11% from a year earlier, per the filing.
Coventry Group said the benefits of its ongoing cost-cutting program are becoming "increasingly evident" in financial performance, and it has identified "significant further opportunities" for efficiency savings.
The company's shares were down nearly 2% in recent Monday trade, hitting an all-time low.
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