Australia's Close The Loop surges on higher earnings on acquisition benefit
04/04/2022 04:08
** Shares of battery collection and recycling solutions
provider Close The Loop Inc CLG.AX rise as much as 11.9% to
A$0.330, the highest since Dec. 22
** Says https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02506271-3A591045?access_token=83ff96335c2d45a094df02a206a39ff4
it expects to exceed its FY22 EBIDTA prospectus forecast after
completing acquisition of bulk packaging firm Crasti and Co
** Adds that as at Feb. 28, revenue year-to-date was up 23%
** Stock posts its biggest intraday pct gain since Dec. 8;
marks its fifth straight gaining session
** About 1.3 mln shares change hands, compared with the
30-day average volume of 231,00
** Stock down 1.7% this year, as of last close
(Reporting by Anan Ashraf)
((Anan.Ashraf@thomsonreuters.com))
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