Australia's Ecofibre gains on yarn supply deal with Under Armour

Ecofibre

25/09/2024 02:41

** Shares of hemp products manufacturer Ecofibre  EOF.AX 
rise 9.4% to A$0.035
    ** Co says it has finalised binding agreements for supply of
its NEOLAST yarns to Under Armour's  UAA.N  knitting mills
    ** Says expected annual revenue at full production from the
deal is $6 mln
    ** EOF stock down 65.6% YTD

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