Australia's Melodiol Global Health gains on improved qtrly revenue

Melodiol Global Health

19/07/2023 05:03

** Shares of Melodiol Global Health  ME1.AX  soar as much as
25% to A$0.01
    ** Co says new sales during Q3 takes CY2023 revenue to date
to A$8.6 mln ($5.84 mln), compared to revenue of A$8.7 mln for
the entirety of CY22
    ** Posts revenue of A$4.74 mln for the second quarter, a
105% increase QoQ
    ** Over 8 mln shares traded as of 0402 GMT, vs 30-day avg of
14.1 mln
    ** Stock has fallen 60% this year, as of last close

($1 = 1.4736 Australian dollars)

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))