Australia's Carbonxt leaps on upgrading H2 FY25 rev outlook

Carbonxt

27/11/2024 03:39

** Shares of Carbonxt Group  CG1.AX  soar as much as 33.3%
to A$0.070, highest since Oct. 21
    ** Stock set for strongest trading session since late April
    ** Cleantech co now expects H2 FY25 rev outlook to grow 40%
to A$10 mln ($6.5 mln) vs a year ago
    ** Receives A$3.6 mln additional purchase orders from
Wisconsin Public Services for activated carbon product
    ** Expects Kentucky plant to ramp-up production in early
2025
    ** CG1 up 1.5% this year, as of last close

($1 = A$1.5454)

 (Reporting by Namrata Verma in Bengaluru)
 ((Namrata.Verma@thomsonreuters.com;))