Australia's Pure Foods Tasmania hits 3-week high on robust revenue

Pure Foods Tasmania

02/12/2021 04:41

** Shares of the food products manufacturer  PFT.AX  rise as
much as 3.5% to A$0.595, their highest since Nov 10 
    ** PFT posts YTD revenue growth of 72% up to Nov 30 vs same
period in FY21, driven by strong sales across portfolio of
Tasmanian products  urn:newsml:reuters.com:*:nASX8FbMpQ
    ** Co receives strong international demand for products,
secures first export order to India for Lauds plant-based cheese
    ** Adds that it remains well-positioned to grow business and
drive revenue growth into FY22 and beyond 
    ** More than 149,920 shares change hands vs 30-day average
volume of 72,138 shares 
    ** Stock has fallen 44.4% so far this year, as of last close

 (Reporting by Roushni Nair in Bangalore)
 ((Roushni.Nair@thomsonreuters.com))