Astral Shares Fall 6% as Q1 Profit After Tax Drops 33% YoY
Astral Ltd., a leading name in the pipes and building materials sector, faced a rough trading day after its latest earnings report. On Tuesday, its shares slipped nearly 6% as investors reacted to a weaker-than-expected Q1 performance. The company’s profit after tax fell 33% year-on-year, signaling pressure on margins and demand.
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