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By John Biju
(Reuters) - Australian corporate travel manager Flight Centre Travel Group reported a marginal rise in its first-quarter underlying profit on Friday, sending its shares to a more than 10-month low.
Shares of the company fell as much as 17.4% to A$17.85, as of 0011 GMT, to hit their lowest level since late November 2023, while the broader benchmark index was down 0.7%.
Flight Centre's underlying profit and profit margin are marginally higher for the first quarter of fiscal 2025 fr...
>>> Read more: Australia's Flight Centre Travel hits over 10-month low on flagging dismal Q1 profit rise
(Reuters) - Australian corporate travel manager Flight Centre Travel Group reported a marginal rise in its first-quarter underlying profit on Friday, sending its shares to a more than 10-month low.
Shares of the company fell as much as 17.4% to A$17.85, as of 0011 GMT, to hit their lowest level since late November 2023, while the broader benchmark index was down 0.7%.
Flight Centre's underlying profit and profit margin are marginally higher for the first quarter of fiscal 2025 fr...
>>> Read more: Australia's Flight Centre Travel hits over 10-month low on flagging dismal Q1 profit rise
