Australia's Forbidden Food rises on strong start to FY22 trading

OMG

04/11/2021 01:11

** Shares of Forbidden Food Ltd  FFF.AX  rise up to 4.4% to
A$0.235, their highest since Oct 29
    ** The organic foods maker says trading in Q1 is in line
with its expectations  urn:newsml:reuters.com:*:nASX5cmrW6
    ** Posts first-qtr revenue up 30.4% to A$1.19 mln
($887,621.00) from a year ago 
    ** Co aims to launch a plant-based meat range of products,
targeting modern diets of millennial consumers, in Q2 of fiscal
2022
    ** Adds that it is targeting growth in its key international
markets across Asia, the United States and the UK 
    ** Stock on track for a third straight session of gains
    ** About 210,000 shares change hands, compared with a 30-day
average volume of 110,000 shares
    ** Stock down about 20% this year, as of last close


    ($1 = 1.3407 Australian dollars)

 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.mishra@thomsonreuters.com))