PaperlinX nosedives on ASX

29 April 2005 – Melbourne (AUS): PaperlinX’s share price crashed 28 per cent on the Australian Stock Exchange (ASX) today following yesterday’s profit warning.

Shareholders greeted the news that PaperlinX expects its annual profit to be 20 per cent lower than last year with dismay, sending the stock price spiralling down to a 52-week low of A$2.75.