ASX-listed Aroa Biosurgery falls on second consecutive annual loss

Aroa Biosurgery

31/05/2023 03:29

** Shares of Aroa Biosurgery Ltd  ARX.AX  fall as much as
6.9% to A$0.940
    ** Stock set to mark worst day since Aug. 29, 2022, if
current losses hold
    ** Co posts FY23 normalised loss before income tax of NZ$0.9
mln ($541,268.15), but narrower than loss of NZ$5.6 mln in FY22
    ** Says audited full year product revenue came in at NZ$60.5
mln, reflecting a 55% increase
    ** Stock has fallen 6.5% this year, as of last close

($1 = 1.6627 New Zealand dollars)

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