Australia's FOS Capital jumps on strong sales growth, outlook

FOS Capital

31/01/2022 02:31

** Shares of lighting solutions provider FOS Capital
 FOS.AX  climb as much as 8% to A$0.27, eyeing their best
session since Nov 11
    ** Co says sales during its first half of the year grew 77%
to A$6.2 million ($4.35 million)  urn:newsml:reuters.com:*:nASX633HQ4 
    ** Expects second-half sales to be over A$9 mln 
    ** Attributes performance in part to its acquisition of
Ecopoint LED Lighting in New Zealand in October  urn:newsml:reuters.com:*:nL4N2R10PA 
    ** About 227,000 shares have been traded, nearly six times
the 30-day average of about 39,000 shares 
    ** FOS up 6.4% YTD as of last close 
    

($1 = 1.4267 Australian dollars)

 (Reporting by Harshita Swaminathan in Bengaluru)
 ((Harshita.Swaminathan@thomsonreuters.com))