Australia's Booktopia gains most in over a month on distribution deal

Booktopia

15/12/2021 04:52

** Shares of Booktopia  BKG.AX  rise as much as 5.6% to
A$1.8, on track for their biggest pct gain since Nov.3
    ** The online bookstore finalises a new publishing and
distribution partnership with Britain's Wellbeck Publishing
Group 
    ** Under the agreement, BKG will distribute Wellbeck
Australia's catalogue of about 300 new titles a year
    ** Stock down 34.4% this year, as of last close vs an 11.6%
increase in the ASX All Ordinaries Index  .AORD  

 (Reporting by Roushni Nair in Bangalore)
 ((Roushni.Nair@thomsonreuters.com))