BUZZ-Australia's Carbonxt leaps on upgrading H2 FY25 rev outlook

Reuters
2024-11-27

** Shares of Carbonxt Group soar as much as 33.3% to A$0.070, highest since Oct. 21

** Stock set for strongest trading session since late April

** Cleantech co now expects H2 FY25 rev outlook to grow 40% to A$10 mln ($6.5 mln) vs a year ago

** Receives A$3.6 mln additional purchase orders from Wisconsin Public Services for activated carbon product

** Expects Kentucky plant to ramp-up production in early 2025

** CG1 up 1.5% this year, as of last close

($1 = A$1.5454)

(Reporting by Namrata Verma in Bengaluru)

((Namrata.Verma@thomsonreuters.com;))

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