ASX-listed Aroa Biosurgery falls on posting second consecutive annual loss

Aroa Biosurgery

31/05/2023 07:11

(Updates share moves and milestones, volumes)
    ** Shares of Aroa Biosurgery Ltd  ARX.AX  fall as much as
8.9% to A$0.920, marking their biggest intraday pct decline
since May 10
    ** New Zealand-based co posts FY23 normalised loss before
income tax of NZ$0.9 mln ($541,268.15), compared with loss of
NZ$5.6 mln in FY22
    ** Says FY product revenue came in at NZ$60.5 mln, up 55%
    ** About 1.8 mln  shares change hands, vs 30-day average
volume of ~290,000 shares
    ** Stock down 6.5% YTD, as of last close

($1 = 1.6627 New Zealand dollars)

 (Reporting by Nausheen Thusoo and Harish Sridharan in
Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))