Business
Here’s why the MyDeal (ASX:MYD) share price surged 7% higher today
The Mydeal.ComAu Pty Ltd (ASX: MYD) share price has been a positive performer on Wednesday.
In morning trade the ecommerce company’s shares were up almost 7% to $1.45.
Why is the MyDeal share price charging higher?
Investors have been buying MyDeal shares today following the release of an update on its performance during the second quarter of FY 2021.
According to the release, the company had a strong finish to the year, with second quarter gross sales increasing 165% on the prior corresponding period to $70.1 million.
This led to MyDeal’s first half gross sales increasing 217% over the same period last year to $126.7 million.
At the end of the period, the company had a strong balance sheet with cash on hand of $48.1…
-
Noosa News20 hours agoTallest tower outside CBD approved for construction at 205 metres
-
Noosa News8 hours agoJessica Alba spotted filming spy thriller on the Gold Coast as cameras roll under iconic bridge
-
Noosa News21 hours agoFarmgate Backpackers leads with integrity amid industry challenges
-
Noosa News18 hours agoIsolated storms forecast for Queensland after weekend hail storm