Papyrus Australia jumps to over one-month high on restructuring, CEO change

Papyrus Australia

07/08/2025 03:55

** Shares of Papyrus Australia PPY.AX rise as much as 22.2% to A$0.011, their highest level since June 30

** The waste processor says that it will restructure its support functions; to outsource back-office and secretarial functions to Automic Group

** Appoints Daniel Schmidt as chief executive officer

** YTD, shares down 28.6%

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))