Business
Here’s why the Healthia (ASX:HLA) share price is racing higher
The Healthia Ltd (ASX: HLA) share price has been a strong performer on Tuesday.
In afternoon trade, the shares of the integrated group of health-based companies are up 5% to $1.81.
Why is the Healthia share price surging higher?
Investors have been buying Healthia’s shares this afternoon following the release of a market update.
According to the release, based on unaudited accounts, the company is expecting to report strong revenue and profit growth for the first half of FY 2021.
In respect to the top line, Healthia is expecting to report revenue of $62 million to $64 million for the period. This will be an increase of 40% to 45% on the prior corresponding period. This was driven by organic revenue growth of 14.5% and the…
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