Australia's Beston Global Food hits over 3-week high on outlook, results

Beston Global Food

31/08/2022 02:21

** Shares of dairy supplier Beston Global Food Co Ltd
 BFC.AX  gain as much as 13.2% to A$0.077, highest since Aug. 8
    ** Co says confident that BFC in a better position than at
any time in last three years  urn:newsml:reuters.com:*:nASX5y3z2Q
    ** Adds co well placed to continue its positive growth
trajectory in revenue, margins and profit
    ** Co's full-year loss attributable narrowed marginally to
A$21.7 mln ($14.88 mln) from A$21.8 mln a year earlier  
    ** Stock to mark best session since July 29 if gains hold
    ** More than 1.1 mln shares change hands, compared with the
30-day average of about 919,000 shares
    ** Stock had fallen 5.6% this year, as of last close

($1 = 1.4584 Australian dollars)

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))