Australia's Medical Developments International gains on higher annual revenue

Medical Developments International

24/07/2026 05:28

** Shares of Australia's Medical Developments International MVP.AX rise 24.4% to A$0.485, their highest level since April 28
** Emergency medical services co reports FY26 revenue of A$42.6 million ($29.71 million), A$3.5 million higher than the previous corresponding period
** Co says FY26 EBIT is now expected to be modestly improved on FY25 
** 1.8 million shares change hands, 12.5x 30-day average
** Stock down 12.6% YTD, including session's moves


($1 = 1.4339 Australian dollars)

 (Reporting by Shravya Marakini in Bengaluru)
 ((Shravya.Marakini@thomsonreuters.com;))