The share price of Dusk Group (ASX:DSK) has slid as much as 8.6% to A$0.900, reaching its lowest point since December 1.
The considerable downturn has followed unimpressive results from the home fragrance products manufacturer’s recent half-year financial report.
The report disclosed a year on year drop of 39.5% with the after-tax profit from ordinary activities amounting to only A$8.1 million.
In addition to this financial performance decline, Dusk Group’s ordinary activities revenue also fell by approximately 9.7% to A$77.8 million.
This subpar performance has led to the company’s most significant daily drop since December 1.
As per these trends, Dusk Group’s shares are geared to finish the current week 10.8% lower, marking an overall downturn of roughly 3% for the year to date.
Dusk Group is an Australian-based manufacturer of home fragrance products.