Australia's Ecofibre rises most in a week as revenue jumps

Ecofibre

27/01/2023 24:59

** Shares of hemp products maker Ecofibre  EOF.AX  rise as
much as 4.3% to A$0.245, their best intraday gain since Jan. 20 
    ** Says quarterly revenue rose 9% to A$8.3 million ($5.91
million)
    ** Adds it is implementing cost saving measures, with the
aim of returning to cash-positive operations in FY24 
    **  EOF up 2.2% YTD, as of last close 
($1 = 1.4037 Australian dollars)
 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))