PolyNovo (ASX:PNV) report $2.42 million loss for 1H

Company News

by Rachael Jones

PolyNovo (ASX:PNV) reports a net loss for the half year of $2.42 million, that’s 26 per cent increase from last year.

Sales revenue for its NovoSorb BTM the first half was up 129 per cent to $8.57 million.

However large increase in employee related expenses and corporate expenses saw the company's loss widen from last year.

The group did not declare an interim dividend.

Shares in PolyNovo (ASX:PNV) are trading 6 per cent lower at $2.84.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.