Dodla Dairy Q1 Profit Drops 3%

  Published 1 year ago

Dodla Dairy shares fall 3.9% after reporting first profit decline in nine quarters, as rising expenses outpace revenue growth.

  • June quarter profit down 3.3% YoY; expenses surged 14% against a 12% revenue increase, pressuring margins.
  • Shares fell 5% post-results after an initial 0.4% gain; this reflects the negative market reaction to weaker profitability.
  • Stock remains up 9.3% year-to-date despite current earnings disappointment and operational cost pressures.

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