BUZZ-Australia's Clover Corp rises on FY25 profit beat forecast

Reuters
06-12
BUZZ-Australia's Clover Corp rises on FY25 profit beat forecast

** Clover Corp's CLV.AX shares rise as much as 23.2% to A$0.505, their highest level since April 10

** Stock marks biggest intraday pct gain since March 19

** Food processing firm expects FY25 NPAT to outperform market consensus by about 20%

** Sees annual sales to exceed market consensus as well

** Highlights improved gross margins from higher value product mix, among others

** Co to release annual results on Sept 23

** About 482,930 shares change hands, 2.9x the 30-day average

** Stock up 8.4% YTD

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.kumar@thomsonreuters.com;))

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