Biome Australia gains on upbeat quarterly results

Biome Australia

02/04/2025 03:39

April 2 - ** Shares of Biome Australia BIO.AX rise as much as 5.1% to A$0.52

** Stock posts its biggest intraday percentage gain since March 20

** Biotherapeutics firm reports revenue of A$4.5 million  ($2.83 million) in Q3, a 41% year-on-year rise

** Co says it expects another quarter of positive EBITDA (earnings before interest, taxes, depreciation, and amortisation) for Q3
** Stock down 12.7% this year, including the day's move

($1 = 1.5886 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))