Australia's Medadvisor falls most in over 11 years as profit falls

Adheris Health

31/10/2024 24:59

** Shares of Medadvisor  MDR.AX  fall as much as 45% to
A$0.193, posting their biggest intraday pct loss since Sept,
2013
    ** Stock hits lowest level since late Dec, 2023
    ** Medical software co's 1Q FY25 gross profit falls 2.5% to
A$15.3 mln ($10.05 mln)
    ** Co's operating revenue rises 3.5%
    ** About 14 mln shares change hand compared to 30-day
average trading volume of 257,780 shares 
    ** Stock up 62.8% YTD as of last close 
   


($1 = 1.5230 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com))