Australia's Noumi hits over 2-1/2-month high as revenue jumps

Noumi

29/07/2022 05:40

** Shares of Noumi Ltd  NOU.AX  rise as much as 20% to
A$0.21, their highest since May 9
    ** Plant- and dairy-based beverage maker reports Q4 revenue
of A$135.7 mln ($95.22 mln), an increase of 10.1% y/y
 urn:newsml:reuters.com:*:nASX3KgYT4
    ** Stock posts its biggest intraday percentage gain since
July 8
    ** Co says it expects to report modest positive adjusted
operating EBITDA from continuing operations for current FY
    ** More than 96,500 shares change hands, vs the 30-day
average volume of over 156,000 shares
    ** Stock down 57.8% this year, as of last close


($1 = 1.4251 Australian dollars)

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((rishav.chatterjee@thomsonreuters.com;))