Monash IVF (ASX:MVF) share price lower despite forecasting strong earnings growth

The Monash IVF Group Ltd (ASX: MVF) share price is trading lower following the release of a trading update and its guidance for FY 2021 at its annual general meeting.

In afternoon trade the fertility treatment company’s shares are down slightly to 78.2 cents.

Trading update.

According to the release, trading conditions have improved greatly over the last few months.

Management advised that following the COVID impact on its fourth quarter FY 2020 performance, increased demand for its services has led to stimulated cycles growing 23.1% between July and October compared to the prior corresponding period.

This improvement has also been experienced in its international business, with Kuala Lumpur stimulated cycles increasing 16.2%…