Kanadevia hits a 1-year-and-7-month low as it cuts its full-year operating profit forecast due to worsening profitability in its environmental business (Wealth Advisor)

Kanadevia shares plunged to their lowest level since April 2025. Against a backdrop of deteriorating profitability in the environmental business, the full-year operating profit forecast is expected to be revised down.

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The story

Kanadevia plunged to its lowest level since April 2025. News reports highlighted the decline in its share price, drawing investor attention.

Deteriorating profitability in the environmental business was cited as a factor, and this is reported to be leading to a review of the full-year operating profit forecast.

Reports indicate that the operating profit forecast for the fiscal year ending March 2027 is expected to be revised down, with attention focusing on the outlook ahead.

At a glance

Share price movementKanadevia shares plunge to their lowest level since April 2025

FactorsThe full-year forecast is expected to be revised down due to deteriorating profitability in the environmental business.

PeriodThe operating profit forecast for the fiscal year ending March 2027 is expected to be revised down.

DateBased on a report distributed on 5 November.

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