BUZZ-Australian food processor Clover gains on HY profit

Reuters
2024-09-24

** Shares of Clover Corp rise as much as 27% to A$0.470, their highest level since Aug 22

** Food processing co posts 2HFY24 NPAT of A$2.1 mln ($1.44 mln), compared to a loss of A$0.6 mln in 1HFY24

** Revenue at A$34.9 mln versus A$27.3 mln in 1HFY24

** "The latter half of FY24 experienced improved demand, driven by increased sales in China, New Zealand, and Asia" - co

** More than 521,000 shares change hands by 0155 GMT, 4.1 times the 30-day average volume

** Stock had fallen 55.2% this year, as of last close

($1 = 1.4607 Australian dollars)

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com))

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