Investors punish Breville as CEO departs

By AAP

Analysts said the share price fall was an overreaction, given the company's positive outlook. "The CEO's resignation has come as a bit of a surprise and potentially why we're seeing a huge fall in the share price today," Bell Direct analyst Leanne Jones said. "The result was slightly below consensus forecasts but Breville has a stronger balance sheet and the cash was quite good. * Full-year net profit of $48. 8m, down 1. 9 per cent from $49. * Revenue of $541. 6m, up 11. 3 per cent from $486.

Read more here: Business Spectator

    

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