NZ's BLIS Technologies slides on subdued HY results

BLIS Technologies

18/11/2021 24:44

** Shares of BLIS Technologies Ltd  BLT.NZ  fall as much as
15% to A$0.051, their lowest since March 2020
    ** Healthcare products maker says its overall revenue for HY
was down 33% to NZ$3.9 mln ($2.73 mln)  urn:newsml:reuters.com:*:nNZW8MD4K6
    ** Says challenging market conditions in the United States
affected its HY result
    ** Adds that COVID-19 continues to present short-term
challenges for its business
    ** Stock posts its biggest intraday pct gain since Feb. 11
    ** About 2.1 mln shares change hands, more than thrice the
30-day avg volume of 607,855
    ** Stock down 26.8% this year, as of last close

    ($1 = 1.4280 New Zealand dollars)

 (Reporting by Yamini C S)
 ((Yamini.CS@thomsonreuters.com;))