Australia's Beston Global Food hits 2-wk high on upbeat FY results, funding

Beston Global Food

25/08/2023 06:33

** Shares of Beston Global Food Company  BFC.AX  jump as
much as 25% to A$0.010, hitting its highest level since Aug 10
    ** Milk supplier reports FY23 dairy net sales from cont ops
up 34% 
    ** Says dairy trading EBITDA of A$4.1 mln for FY23
significantly up vs FY22 
    ** Stock posts its biggest intraday pct gain since Aug 9
    ** Separately, co says it received funding of up to A$70 mln
from specialised funding partners 
    ** Stock has fallen 66.2% this year, as of last close 
    
($1 = 1.5605 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((Shivangi.Lahiri@thomsonreuters.com;))