Business
Why the Painchek (ASX:PCK) share price lifted today
The Painchek Ltd (ASX: PCK) share price climbed today after the company provided the market with a positive quarterly update for December 2020.
Shares in the small cap healthcare company were trading 4.2% higher at 7.4 cents on close of trade today.
What is driving the Painchek share price
In today’s release, the company reported continued growth in its aged care and initial entry into the hospital, home care and disability markets during the quarter ended 31 December.
In its core aged care market segment, Painchek delivered sales growth of 7% from the prior quarter. And with its global licences covering 71,318 beds, year on year (YoY) growth is up 123%. The company reported its domestic sales now reflect more than 30% of…
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