Australia's Noumi gains most in near 2 months on higher Q1 results

Noumi

27/10/2023 02:22

** Shares of Australian food processing company Noumi
 NOU.AX  rise as much as 20% to A$0.12, marking their biggest
intraday pct gain since Aug 31
    ** Co reports total Q1 FY2024 revenue from continuing
operations of A$145.4 mln ($92.08 mln), up 8.5% from Q1 FY23
    ** Global dairy prices to continue create challenging
conditions for long-life dairy milk export sales and bulk
commodities - NOU
    ** Stock down 33.3% YTD, as of last close

     ($1 = 1.5790 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))