Australia's Halo Food jumps on second contract win from Coles supermarket

Halo Food Co

12/11/2021 03:24

** Shares of Halo Food Co Ltd  HLF.AX  soar as much as 9.3%
to A$0.15
    ** The dairy products maker says it has been awarded its
second private label tender by Australian super market giant
Coles Group  COL.AX   urn:newsml:reuters.com:*:nASX1c4PqY
    ** Says new contract forecasts A$3.3 million ($2.40
million)sales every year 
    ** Co adds production to commence during Q1 of FY22 and
products to fill in Coles stores from Q2 FY22
    ** Co expects the contract term to be longer than an initial
12 month period 
    ** Around 3.7 mln shares change hands, ~4 times its 30 day
average volume of about 1.0 mln shares
    ** Stock has fallen 42% this year as of last close 


($1 = 1.3736 Australian dollars)

 (Reporting by Roushni Nair in Bangalore.)
 ((Roushni.Nair@thomsonreuters.com))