Australia's Jatcorp rises on deal to develop ice cream and yogurt

Jatcorp

25/03/2022 02:06

** Shares of consumer goods maker Jatcorp Ltd  JAT.AX  rise
as much as 5.3% to A$0.02
    ** Co says it entered into a deal with Australian food
manufacturer Sanmik Natural Foods to develop ice cream and
yogurt products using its immune support formulas  urn:newsml:reuters.com:*:nASX7CLm2T
    ** Says all IP created in the development of the products
will be owned by JAT
    ** Adds these products are subject of research completed and
currently being undertaken by Royal Melbourne Institute of
Technology and The University of Sydney
    ** Stock up 26.7% this year, as of last close

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))