PolyNovo Swings to Fiscal 2024 Profit as Revenue Rises 57%

MT Newswires Live08-23

PolyNovo (ASX:PNV) reported Friday that it swung to earnings per share in the fiscal year ended June 30 of AU$0.75, compared with the prior-year period's loss of AU$0.72 per share.

Revenue from ordinary activities was AU$104.7 million, up 57% from AU$66.5 million in the same period last year.

The medical devices business did not pay, recommend or declare a dividend in the fiscal year ended June 30.

Shares rose marginally in Friday trade.

Price (AUD): $2.58, Change: $-0.015, Percent Change: -0.58%

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