Why the Asaleo Care (ASX:AHY) share price is dropping lower today
James Mickleboro | January 27, 2021 10:18am |
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Asaleo Care Ltd(ASX: AHY) share price has come under pressure on Wednesday.
At the time of writing, the personal care products company’s shares are down 1% to $1.27.
Why is the Asaleo Care share price dropping lower?
Investors have been selling the company’s shares this morning following the release of an update on both its performance in FY 2020 and a recent takeover approach.
In respect to FY 2020, Asaleo Care reported unaudited full year revenue of $419.2 million, which represents a 2.3% year on year increase.