Australia's Cobram Estate Olives poised for best day on strong results

Cobram Estate Olives

07/07/2025 04:19

** Shares of Cobram Estate Olives Ltd CBO.AX up nearly 12% to A$2.42, poised for its best ever session if trend holds

** Olive oil producer sees FY25 underlying EBITDA increase compared to FY23, the last higher-yielding crop year due to the biennial cycle of olive yields

** Co reports 10.2% harvest increase in FY25 vs FY23

** Anticipates payment of fully franked 4.5 AU cents per share in late November

** YTD, stock is up 12.1% so far

($1 = 1.5314 Australian dollars)

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))