Business
Allegra (ASX:AMT) share price lifts 6% after reporting loss
The Allegra Orthopaedics Ltd (ASX: AMT) share price lifted 6.45% today, finishing the trading session at 33 cents a share.
Allegra researches, develops and manufactures medical devices including prosthetic implant tools.
Here’s a summary of the half-year results that led to today’s gain.
Allegra reports loss and share price goes up
In the results, the company advised that revenues from ordinary activities fell 1.6% to $2.3 million during the first half of FY21.
Allegra attributed this loss to travel restrictions and a higher appointment cancellation rate brought on by the coronavirus pandemic.
That said, commissions revenue was up for 1H FY21 coming in at $97,378 compared to the 1H FY20 earnings of $45,487. That’s a 114%…
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