Australia's Jatcorp hits over 1-mth high on manufacture and supply deal

Jatcorp

03/12/2021 01:23

** Shares of Australia's Jatcorp Ltd  JAT.AX  rise as much
as 14.3% to A$0.016, after co says unit entered agreement to
manufacture and supply dairy powder products 
    ** Stock hits highest level since Oct. 27
    ** Consumer goods maker's unit, ANMA, is expected to record
revenue exceeding A$10 million ($7.07 million) during the
initial 12 months of the agreement, which includes a binding
minimum order of 1.5 million units  urn:newsml:reuters.com:*:nASXbBWC9Z
    ** Production of the first order will commence in
mid-January 2022
    ** About 22 mln shares have changed hands, almost nine times
the 30-day average 
    ** JAT has lost 44% this year as of last close 
    



($1 = 1.4144 Australian dollars)

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