Australia's Beston Global hits 2-month high on robust sales, outlook

Beston Global Food

30/01/2023 02:37

** Shares of Beston Global Food Co  BFC.AX  soar as much as
10.7% to A$0.031, hitting their highest since Dec 1 
    ** Dairy supplier posts H1 FY23 group sales of A$92 mln 
($65.32 mln), up 35% from the previous corresponding period due
to robust demand from domestic and export markets 
    ** Co forecasts FY23 group sales to be at upper end of A$150
mln-A$180 mln range; adds earnings before interest, tax,
depreciation and amortisation to be between A$8 mln and A$10 mln
    ** Adds it has appointed Nick Martin as CFO with effect from
Feb 1, Martin will replace current finance chief Nick Wagner 
    ** Shares up for a third session in a row
    ** Stock had risen 21.7% this year, as of last close
($1 = 1.4085 Australian dollars)
 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))