The (ASX: XJO) is out of form on Thursday and has dropped into the red. At the time of writing, the benchmark index is down 0.6% to 8,022.
3 points. Four ASX shares that are falling more than most today are listed below. Here's why they are dropping: ( ) The Cettire share price is down 15% to $1.
13. Investors have been selling this online luxury products retailer's shares following the release of a . Cettire reported an 81% increase in gross revenue to $978.
3 million but a 34% decline in net profit after tax to $10.5 million. This was driven partly by paid customer acquisition expenses, which increased to 9.
5% of sales revenue from 8% in FY 2023. Management also warned that the global luxury sector has continued to experience softer trading conditions in FY 2025. This has seen increased promotional activity.
( ) The Mineral Resources share price is down over 8% to $40.47. This has been driven by the release of the mining and mining services company's full year results after the market close on Wednesday.
Mineral Resources a 10% increase in revenue to $5.28 billion but a whopping 79% decline in underlying net profit after tax to $158 million. In light of this poor financial performance, the company's board elected to not declare a final dividend for FY 2024.
( ) The RED 5 share price is down almost 10% to 33 cents. This morning, this gold miner released its full year results and reported a 35% increase in gold sales to 223,498 ounces, a 47% jump in revenue to $620 million, but .