Australia's Althea surges on upbeat quarterly results, forecast

Peak Processing

10/07/2023 04:29

** Shares of Althea Group Holdings  AGH.AX  up 9.5% at
A$0.046, their highest since June 28
    ** Cannabis products maker reports 51% Y/Y jump in receipts
from customers for FY23; forecasts generating positive cash flow
in September quarter 
    ** Sees regaining estimated sales loss of A$3.2 million from
stock outages in H1 FY24
    ** Stock down ~31% this year, as of last close


($1 = 1.4977 Australian dollars)

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))