small-cap

Price fall for ALS Ltd

May 31, 2016 | Team Kalkine
Price fall for ALS Ltd

ALS Ltd



ALQ Details
  • Impact from weak performance: ALS Ltd (ASX: ALQ) stock plunged over 7.13% on May 30, 2016 on the back of the weak performance update. The group’s continuing underlying revenue fell to $ 1364.9 million in fiscal year of 2016 as compared to continuing underlying revenue of $1422.2 million in fiscal year of 2015. Moreover, ALQ reported a statutory net loss of $240.7 million. The group’s Minerals and Energy segments’ poor performance also hurt the stock sentiment.
  • Recommendation: We give an “Expensive” recommendation on this dividend yield stock at the current price of $4.015

Revenue Waterfall in AUD$ million (Source: Company Reports)



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