Australia's Halo Food rises on receiving third Coles contract

Halo Food Co

20/01/2023 24:28

** Shares of Halo Food Co Ltd  HLF.AX  rise as much as 7.7%
to A$0.028, post their biggest intraday pct gain since Jan. 11
    ** Health and wellness products maker says it has been
awarded third material Coles private label contract by Coles
supermarkets, part of Coles Group  COL.AX  
    ** Adds forecast sales value A$2.9 mln ($2.00 mln) per annum
and is across six additional product lines
    ** HLF adds further three product lines are expected to be
added in October
    ** Stock had fallen 3.7% this year, as of last close
($1 = 1.4468 Australian dollars)
 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@Thomsonreuters.com))