BUZZ-Australia's Ecofibre gains on yarn supply deal with Under Armour

Reuters
25 Sep 2024

** Shares of hemp products manufacturer Ecofibre rise 9.4% to A$0.035

** Co says it has finalised binding agreements for supply of its NEOLAST yarns to Under Armour's knitting mills

** Says expected annual revenue at full production from the deal is $6 mln

** EOF stock down 65.6% YTD

(Reporting by Ayushman Ojha in Bengaluru)

((Ayushman.ojha@thomsonreuters.com;))

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