Australia's Carbonxt up on improved outlook for receipts from customers in Sept

Carbonxt

12/10/2023 02:03

** Shares of Carbonxt Group  CG1.AX  up 5% at A$0.063; set
for best day since Sept. 12, if gains hold
    ** Cleantech co sees receipts from customers for Sept
quarter to rise 124% from prev quarter to A$5.3 mln ($3.40 mln)
    ** Expects to demonstrate cost savings after decision to
streamline operations to ramp up construction and development
for its activated carbon products facility in Kentucky
    ** CG1 stock at its highest level since Oct 2
    ** Stock down 16.7% YTD, as of last close
    
 


($1 = 1.5588 Australian dollars)

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))