Aroa posts $1.5m half year loss but forecasts up to $6m annual profit

Aroa posts $1.5m half year loss but forecasts up to $6m annual profit
Aroa develops, manufactures and distributes medical and surgical products. (Image: Supplied)
John Anthony
Soft tissue regeneration company Aroa Biosurgery has posted a $1.5 million loss for the six months to September but is forecasting annual profit of between $2m and $6m.Founded in 2008, Aroa Biosurgery is headquartered in Auckland and is listed on the Australian Securities Exchange (ASX) with a share price of A65c (NZ72c).The company, which was formerly called Mesynthes, develops, manufactures and distributes medical and surgical products to improve healing in complex wounds and soft tissue reconstruction.ImprovementIts loss for the half year to...

More Markets

Global fund manager, KiwiSaver firm Amova drops Nikko branding
Markets

Global fund manager, KiwiSaver firm Amova drops Nikko branding

Global fund manager Nikko rebrands as Amova Asset Management

Earnings a ‘mixed bag’ but end of tunnel looms
Markets Earnings Wrap

Earnings a ‘mixed bag’ but end of tunnel looms

The a2 Milk Company has emerged as the winner of August.

Clarity and credible plan for Comvita ‘essential’
Primary Sector

Clarity and credible plan for Comvita ‘essential’

New CEO Karl Gradon says his mandate is ‘very clear’.

The windfall Pāmu could cream from Fonterra’s Mainland Sale
Primary Sector

The windfall Pāmu could cream from Fonterra’s Mainland Sale

The state-owned farming op is a significant supplier to the dairy co-operative.