Australia's Hydration Pharmaceuticals rises on upbeat sales

Hydration Pharmaceuticals

15/06/2023 04:06

** Shares of Hydration Pharmaceuticals Co Ltd  HPC.AX  as
much as 8.7% to A$0.050, set for best day since May 31, if gains
hold 
    ** Says co has generated $1.7 mln in unaudited net sales
during the first two months of Q2 FY2023, up 31% on last year 
    ** Says sales growth was achieved with ongoing reduction in
group marketing spend 
    ** About 269,250 shares change hand compared to 30-day
average trading volume of 51,919 shares 
    ** Shares of co are down 48.9% YTD as of last close 
   

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))