Australia's Carbon Revolution posts record jump on strong first-quarter revenue

Carbon Revolution

30/10/2022 23:57

** Shares of Australia's Carbon Revolution  CBR.AX  rise as
much as 127.9% to A0.49, their record intraday pct gain
    ** The carbon fibre wheels maker announces first quarter
revenue of A$10.4 million ($6.66 million); indicating a 66.2%
jump as compared to the same period a year ago  urn:newsml:reuters.com:*:nASX662k1p
    ** Says Q1 FY23 wheel sales volume of 3,739 wheels;
representing a 78% growth compared to the prior corresponding
period
    ** Stock hits its highest since June 6
    ** Around 2.4 mln shares change hands, compared with the
30-day average volume of 325,105 shares
    ** Stock has fallen 79% this year as of last close
($1 = 1.5620 Australian dollars)
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))