Australia's TZ gains on purchase order from European firm

TZ

03/11/2023 02:50

** Shares of smart devices developer TZ Ltd  TZL.AX  up 25%
at A$0.03, their highest since Aug. 15
    ** Co says unit received purchase order from
Europe-headquartered global transport and logistics co
    ** Says purchase order of A$2.6 mln ($1.67 mln) is for
supply of smart lockers, system electronics and software
    ** Adds co on track to achieving profitability in FY24
    ** Stock down ~70% YTD, as of last close

($1 = 1.5545 Australian dollars)

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