Biome Australia posts record jump on quarterly sales update

Biome Technologies

18/05/2022 03:59

** Shares of probiotics co Biome Australia  BIO.AX  rise as
much as 20% to A$0.09, marking their best ever intraday pct gain
    ** Biome posts a 54% increase in FY22 year-to-date sales,
compared with FY21, due to increasing demand for its activated
probiotics products  urn:newsml:reuters.com:*:nASXb79gBx
    ** Says fourth quarter-to-date sales accelerated to
A$840,000 ($589,344.00)
    ** Adds year-to-date unaudited revenue reached A$3.6 mln
    ** Shares at their highest value since May 2
    ** More than 406,000 shares change hands, compared with the
30-day average volume of about 374,500 shares
    ** Stock has fallen 37.5% this year, as of last close,
compared with a 4.5% decline in the S&P/ASX 200 index  .AXJO  

($1 = 1.4253 Australian dollars)

 (Reporting by Anan Ashraf)
 ((Anan.Ashraf@thomsonreuters.com;))