UK's Rua Life Sciences jumps on strong operational performance

Rua Life Sciences

22/08/2023 08:57

** Shares of Rua Life Sciences Plc  RUA.L  rise as much as
20.6% to 19.9p
    ** Holding company of a group of medical device businesses
says revenue from recent trading have met its expectations and
overall costs 20% down on management's expectations, resulting
in cash resources ahead of management's budget
    ** Co says positive developments have continued in all parts
of the business
    ** Stock set to post best day since Jan. 25, if trend holds 
    ** Stock currently up 12.2%, trimming YTD losses to about
59% 

 (Reporting by Aby Jose Koilparambil in Bengaluru)
 ((abyjose.koilparambil@thomsonreuters.com))