Australia's Rhinomed hits near 8-week high on upbeat quarterly revenue

Rhinomed

25/01/2022 03:09

** Shares of Rhinomed Ltd  RNO.AX  jump as much as 15.4% to
A$0.30, set to gain most since Dec 1
    ** Medical device maker says its second-quarter revenue rose
17% to A$2.03 mln ($1.45 million) urn:newsml:reuters.com:*:nFWN2U41PY
    ** Co says quarterly cash receipts from customers rose 63%
to A$2.5 mln 
    ** As of last close, stock down 16.1% this year

($1 = 1.4000 Australian dollars)

 (Reporting by Navya Mittal)
 ((Navya.Mittal@thomsonreuters.com;))