Brief: Medical Developments International Announces Underwritten A$10.0 Mln Capital Raising

Medical Developments International

26/07/2024 02:31

July 26 (Reuters) - Medical Developments International
Ltd  MVP.AX :
    * FULLY UNDERWRITTEN A$10.0 MILLION CAPITAL RAISING
    * POSITIVE OPERATING CASHFLOW EXPECTED BY END OF FY25
    * PRELIMINARY FY24 REVENUE UP 3% TO A$33.2 MILLION
    * PRELIMINARY FY24 UNDERLYING EBIT A$11.6 MILLION LOSS
    * EXPECTS POSITIVE MOMENTUM IN MARGINS AND EARNINGS TO
CONTINUE IN
F25
    * MEDICAL DEVELOPMENTS INTERNATIONAL SEES UNDERLYING EBIT TO
BE
STRONGLY IMPROVED ON FY24 IN F25
    * NEW SHARES TO BE RAISED AT ISSUE PRICE OF A$0.38 PER
SHARE,
UNDER A$5.5 MILLION PLACEMENT

Further company coverage:  MVP.AX 

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