ASX-listed Volpara Health Technologies jumps on reducing credit facility

Volpara Health Technologies

04/07/2023 03:35

** Shares of New Zealand-based Volpara Health Technologies
Ltd  VHT.AX  rise as much as 7.8% to A$0.825, their highest
level since March 20
    ** Medical software maker reduces its revolving credit
facility from NZ$10 mln ($6.16 mln) to NZ$2.5 mln    
    ** Co sees biggest intraday jump since May 26
    ** Says reduction in the credit facility will result in
further cost savings of NZ$112,500 per annum 
    ** Says management will evaluate the business's cash
position over next six months with a view to reducing the
facility further 
    ** Shares of co are up 45.7% YTD as of last close 
   


($1 = 1.6244 New Zealand dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))