Australia's Keytone Dairy rises most in a week on sales growth, outlook

Halo Food Co

11/10/2021 01:10

** Shares of Australia's Keytone Dairy Corp  KTD.AX  rise
4.17% to A$0.125 on quarterly sales growth 
    ** Stock set for biggest single-day percentage rise since
Oct. 5 
    ** Dairy products maker says consolidated quarterly sales
A$15 mln ($10.95 mln), up more than 10% y/y  urn:newsml:reuters.com:*:nASX8JQFXZ 
    ** Attributes growth to rise in individual proprietary brand
sales such as Tonik, its beverage brand    
    ** "Expecting the second half of FY22 to be very strong
given the existing sales pipeline and with the key New South
Wales and Victorian states emerging from prolonged lockdowns" -
CEO Danny Rotman
    ** Stock down 52% this year, as of last close 
($1 = 1.3702 Australian dollars)

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