Australia's Toys"R"Us rises on amended finance facility, cost reduction measures

ToysRUs Anz

10/05/2023 03:42

** Shares of Australia's Toys"R"Us ANZ Ltd  TOY.AX  rise as
much as 23.5% to A$0.021, hitting highest since March 22
    ** The toy distributor says co has amended finance facility
agreement for utilisation of A$1.5 mln ($1.02 mln)
    ** Says co has realised cost reductions of A$4 million in
calendar year 2023
    ** About 1.1 million shares have traded so far, compared
with the 30-day moving average volume of 1.7 million shares 
    ** TOY has fallen 43.3% this year as of last close


($1 = 1.4743 Australian dollars)

 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))