Business
ASX up 1.2%; Materials and banks leading – The Sydney Morning Herald
The S&P/ASX 200 has opened higher and broke through 6800 points within the first 20 minutes of trade. Utilities are lagging, but all other sectors are higher.
Troubled water technology firm Phoslock says it is confident of returning to profitability in 2021 after a horror year plagued by fraud in its Chinese business and shrinking revenues due to COVID.
The $150 million water purification company today released its full-year results for 2020, including a restatement of its 2019 figures due to the impacts of accounting irregularities identified last year in the companys China operations, where it makes most of its money.
In this photo a Phoslock treatment…
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