Australia's Pure Foods Tasmania hits 6-week high on revenue forecast

Pure Foods Tasmania

30/05/2023 02:05

** Shares of Pure Foods Tasmania Ltd  PFT.AX  jump as much
as 13.3% to A$0.170, hitting their highest level since April 18
    ** The premium food and beverage business forecasts revenue
to grow 50% in FY24 vs FY23
    ** Expects revenue of six new products to increase by over
A$5 mln ($3.39 mln) in FY24 
    ** Shares post their biggest intraday pct gain since May 23 
    ** PFT stock down 3.2% YTD, as of last close 
    

($1 = 1.4743 Australian dollars)

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))