Wire
Coventry Group Reports Higher Fiscal Q3 Sales; Shares Hit All-Time Low
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.
ASX:CYG
