Australia's Adairs hits highest in two months on deal with DHL Australia

Adairs

01/08/2023 03:43

** Shares of Adairs  ADH.AX  advance as much as 8.2% to
A$1.840, their highest since June 1 
    ** Co says it has entered into an agreement with DHL Supply
Chain (Australia) under which it will take over operational
control of its National Distribution Centre from Sept 6
 urn:newsml:reuters.com:*:nTUE4MW3CL
    ** Adds it will outlay approximately A$18 mln ($12.06 mln)
in capital expenditure over the next 12 months
    ** Stock down ~22.7% this year, as of last close


($1 = 1.4928 Australian dollars)