Australia's Holista Colltech gains on positive results, forecast

Holista Colltech

28/10/2022 04:24

** Shares of Holista Colltech Ltd  HCT.AX  rise as much as
6.5% to A$0.033 on strong results
    ** Stock on track for best day since Sept. 19, if gains hold
    ** Biotech company reports 12% y-o-y rise in quarterly sales
to A$2.2 mln ($1.4 mln)
    ** Says FY22 sales on track to top FY21 rev of A$8 mln and
expects lower expenses due to easing supply chain disruptions
    ** Shares is down ~30% YTD as of last close
 
 ($1 = A$1.5468)
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))