BUZZ-Australia's Medadvisor falls most in over 11 years as profit falls

Reuters
2024-10-31

** Shares of Medadvisor fall as much as 45% to A$0.193, posting their biggest intraday pct loss since Sept, 2013

** Stock hits lowest level since late Dec, 2023

** Medical software co's 1Q FY25 gross profit falls 2.5% to A$15.3 mln ($10.05 mln)

** Co's operating revenue rises 3.5%

** About 14 mln shares change hand compared to 30-day average trading volume of 257,780 shares

** Stock up 62.8% YTD as of last close

($1 = 1.5230 Australian dollars)

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com))

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