Australia's Hydration Pharma gains on strong annual sales in U.S.

Hydration Pharmaceuticals

23/12/2022 03:08

** Shares of Hydration Pharmaceuticals Co Ltd  HPC.AX  rise
as much as 10% to A$0.099, their biggest intraday pct gain since
Oct. 27
    ** The hydration solutions provider says annual revenue
sales from its products on Amazon USA surpassed $3 mln for first
time in CY22, nearly double from last year
    ** Adds Amazon Canada contributed $1.3 mln in revenue in
CY22
    ** Says weekly revenue growth is increasing, as compared to
2021, in Canadian retailers Shoppers Drug Mart and Walmart
Canada, with an increase in year-end sales linked to severe
cold/flu season 
    ** Stock has fallen 70% this year, as of last close
 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@Thomsonreuters.com))