ASX-listed Carbonxt climbs 5% on Sept-quarter revenue forecast

Carbonxt

19/08/2021 06:39

** Carbonxt Group Ltd  CG1.AX  climbs as much as 5% to
A$0.21
    ** U.S.-based activated carbon developer says revenue for
the Sept qtr on track to exceed A$4.2 mln ($3.03 mln), compared
with A$2.7 mln in the June qtr  urn:newsml:reuters.com:*:nASN001KDI
    ** Says it has ramped up manufacturing capacity to fulfil a
$2 mln supply contract to an existing power station customer in
Wisconsin, United States
    ** Expects higher capacity to add A$1.5 mln revenue in the
Sept quarter
    ** Stock up 17.7% this year, as of last close
    
($1 = 1.3883 Australian dollars)

 (Reporting by Aneetta Thomas in Bengaluru)
 ((Aneetta.Thomas@thomsonreuters.com;))