Australia's Monash IVF hits over 9-mth high on upbeat outlook

Monash IVF

21/02/2023 01:35

** Shares of Australia's Monash IVF  MVF.AX  rise as much as
5.1% to A$1.130, hitting highest since May 12, 2022
    ** Stock eyes best day since Jan. 12, if gains hold 
    ** Assisted reproductive services co expects FY2023
underlying net profit after tax to be around A$25.5 mln ($17.58
mln), compared with a profit of A$18.4 mln in FY22 
    ** Co posts HY underlying net profit from ordinary
activities after tax attributable down 5.7% to A$12.6 mln
    ** Adds HY revenue from ordinary activities increased 2.3%
to A$103.3 mln 
    ** Co declared a interim dividend of 2.2 au cents per share,
same as last year
    ** MVF has risen 12.6% this year, as of last close
($1 = 1.4503 Australian dollars)
 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))