Australia's Retail Food at near 1 year high on upbeat FY24 outlook

Retail Food

20/02/2024 04:00

** Shares of Retail Food Group  RFG.AX  rise as much as
9.2%to A$0.083, their highest level since March 1
    ** Stock posts its biggest intraday pct gain since Dec. 22
    ** Food and beverage co says it expects FY24 underlying
EBITDA to increase 11%-26% from FY23
    ** Projects FY24 underlying revenue to rise 8%-16% 
    ** About 9.7 mln shares change hands, versus the 30-day
average volume of 2.8 mln shares
    ** Stock up 8.6% YTD, as of last close



 (Reporting by Megha Rani)
 ((Megha.Rani2@thomsonreuters.com;))