Australia's Advance ZincTek sees best day in a month on sales outlook

Advance Zinctek

16/12/2021 02:21

** Shares of Advance ZincTek  ANO.AX  rise as much as 3.5%
to A$3.300, posting their biggest intraday pct gain since Nov.
16
    ** Sunscreen ingredients maker says https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02467725-2A1346518?access_token=83ff96335c2d45a094df02a206a39ff4
 indicated sales forecast for H2 FY22 better than FY21 total
sales of A$6.5 mln ($4.65 mln)
    ** Says improvements in co's website and information
released by the U.S. Food and Drug Administration have led to
increased inquiries about samples or materials of ANO's
zinc-based products 
    ** However, co cuts H1 FY22 estimated sales to about A$5.5
mln from A$7.1 mln
    ** Says ANO continues to experience delays in billable sales
as the Delta and Omicron variants of coronavirus adversely
affect the industry
    ** Stock hits its highest level since Dec. 9
    ** As of last close, stock down ~27.2% YTD  



($1 = 1.3972 Australian dollars)

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))