BUZZ-Australia's Bapcor plunges after profit drop, discounted placement

Reuters02-27

** Shares of BapcorBAP.AX fall as much as 49.3% to a record low of A$0.870

** Shares were halted for trading since Feb 19 pending equity raise

** Co on Thursday postedHY stat loss after tax A$104.8 million ($74.41 million), compared to year ago profit

** Conducted an A$200 million fully underwritten equity raising at A$0.60 per share, 65.0% discount to closing price on Feb 18

** YTD, BAP shares down 40.8%

($1 = 1.4085 Australian dollars)

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))

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