Australia's PPK Group gains as Craig International bags new orders

PPK

09/08/2023 02:26

** Shares of PPK Group  PPK.AX  rise as much as 5.7% to
A$1.385, their highest since Aug 4
    ** The technology incubation and commercialization co says
Craig International Ballistics, owned 45% by co, has secured
nearly A$9.7 mln ($6.34 mln) in new orders
    ** Co says orders are from a military customer to supply a
range of personal body armour products
    ** Stock down ~8% YTD, as of last close
 
    ($1 = 1.5305 Australian dollars)

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