Smartgroup share price plunges 11% as inflation bites
The Smartgroup Corporation Ltd (ASX: SIQ) share price is taking a sharp fall as investors eye the company’s half-year results and outlook.
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The Smartgroup Corporation Ltd (ASX: SIQ) share price is taking a sharp fall as investors eye the company’s half-year results and outlook.
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Shares in salary packaging and fleet management services play Smartgroup have jumped 18.3 per cent to $9.18 in mid-afternoon trade.
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Smartgroup (ASX:SIQ) share price hit by 25% fall in profit Mitchell Lawler | February 24, 2021 7:14pm | More on: The Smartgroup Corporation Ltd(ASX: SIQ) share price dipped 2.1% lower today after the salary packaging and fleeting management provider reported its 2020 full year results. Due to multiple factors impacting the company’s performance during 2020, most stemming from COVID-19, most metrics fell compared to the prior year. Subsequently, some shareholders appear to have been disappointed by the result. The Smartgroup share price closed at $6.89 today. What moved the Smartgroup sha...