Phoslock Releases Sales Forecast for FY20- Expected to be Between $50-$70 Million

  • Dec 03, 2019 AEDT
  • Team Kalkine

Phoslock Environmental Technologies Limited (ASX: PET) has provided its sales forecast for FY2020 and expects it to range from $50 million to $70 million.

  • Phoslock® sales is expected to range from 10,000 to 20,000 tonnes.
  • Engineering & maintenance work will be in between $10 and $20 million.
  • By mid of 2020, Phoslock® production capacity would reach 40,000 tonnes.

At AEST: 1:07 PM, the shares of PET quoted 0.875, up 1.7% from its previous closing price.

 

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