Tuesday 1st November 2016 |
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Trilogy International, the cosmetics brand and distributor, has told the NZX it continues to comply with the stock market's rules on continuous disclosure, following a fall in its share price.
In a letter to Trilogy, the NZX noted that Trilogy's shares had fallen from $3.85 at the market close on Oct 25, to $3.30 in trading this morning, a fall of 55 cents or 14.3 percent.
Lindsay Render, the Chief Financial Officer for Trilogy responded that it continues to meet its obligations.
Shares in Trilogy reached $4.92 on Aug 16, but it has tumbled since, in a period in which it listed on the ASX and released profits guidance that underwhelmed some investors. It closed up 6 cents or 1.8 percent at $3.46 and has risen 94 percent since a year ago.
BusinessDesk.co.nz
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