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.