Carbonxt Group Ltd. (AU:CG1) has released an update.
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Carbonxt Group Ltd. (ASX:CG1) has raised its revenue guidance for the second half of fiscal year 2025 by 40%, reaching an expected $10 million, excluding potential earnings from its soon-to-be-commissioned Kentucky plant. This optimistic outlook is driven by significant contracts, including a $3.6 million order from Wisconsin Public Services and a $24 million deal with Reworld. The company’s strategic expansion and contract renewals underscore its strong position in the activated carbon market.
For further insights into AU:CG1 stock, check out TipRanks’ Stock Analysis page.
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