Australia's Halo Food soars most in 3 years on Fonterra manufacturing deal

Halo Food Co

01/05/2023 04:47

** Shares of Halo Food Co  HLF.AX  jump as much as 27.3% to
A$0.014, their best intraday gain since March 25, 2020
    ** Says its unit signed a deal to manufacture some products
for a unit of Fonterra Co-operative Group  FCG.NZ  
    ** Deal for NZ$6.4 million ($3.96 million) for the initial
two-year contract term
    ** Stock hits highest level since April 18
    ** As of last close, stock down 59.3% YTD 


($1 = 1.6176 New Zealand dollars)

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