Australia's Core Lithium top gainer on benchmark index on maiden FY profit

Core Lithium

29/09/2023 02:08

** Shares of Core Lithium  CXO.AX  rise as much as 20.6% to
A$0.370, hitting their highest levels since Sept 5
    ** Stock set for best day since Oct 14, 2021, if gains hold
    ** The diversified miner reports maiden FY23 profit of
A$10.8 mln ($6.94 mln)
    ** Co reports first FY revenue of A$50.6 mln in FY2023
    ** CXO sees first production forecast of 90,000 metric tons
to 100,000 tons of spodumene concentrate sales for FY24
    ** Stock is biggest percentage gainer in the benchmark
S&P/ASX 200 index  .AXJO 
    ** Stock down 66.8% this year, as of last close, versus a
0.2% decline in the S&P/ASX 200 index  .AXJO  

    ($1 = 1.5559 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((Shivangi.Lahiri@thomsonreuters.com;))