Australia's MyEco Group surges on upbeat annual sales

MyEco

16/07/2026 02:10

** Shares of MyEco Group MCO.AX rise as much as 68.4% to A$0.032 in early trade, their highest level since May 20
** Stock logs biggest intraday pct jump since late May
** Sustainable packaging developer reports FY26 total sales of A$15.8 million ($11.05 million), up 0.8% from last year
** Says 2H26 sales up 4% compared to 1H26
** Logs record qtrly retail sales in Australia of A$1.5 million, FY sales in segment up 22.7% on pcp
** More than 6.4 million shares change hands, 22.4 times the 30-day average
** Stock has more than doubled in value this year, including the day's moves
     
($1 = 1.4294 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))