Business
Why Aroa Biosurgery, Straker, Virgin Money, & Whitehaven shares are dropping lower
In afternoon trade the S&P/ASX 200 Index (ASX: XJO) could be about to end its winning streak. The benchmark index is currently down 0.15% to 6,673.1 points.
Four shares that have fallen more than most today are listed below. Here’s why they are dropping lower:
The Aroa Biosurgery share price is down 3.5% to $1.27 following the release of its half year results. This morning the soft tissue regeneration company reported a 10% decline in revenue to NZ$9 million because of the pandemic. Things were worse for its earnings, with normalised earnings before interest, tax, depreciation, and amortisation (EBITDA) coming in at a loss of NZ$2.3 million. This compares to positive EBITDA of NZ$2.15 million a year earlier. Management expects…
-
Business14 hours agoBell Potter names the best ASX shares to buy in October
-
Noosa News19 hours ago28 years later: Grim reality for single house hunters revealed
-
Noosa News14 hours agoDangerous driving charges, Maroochydore – Sunshine Coast
-
General22 hours agoRussia launches its biggest attack on Ukraine’s gas network since war began on the eve of winter