Azure Forecasts Higher Earning in 1HF20

  • Dec 20, 2019 AEDT
  • Team Kalkine
Azure Healthcare Limited (ASX: AZV) has forecasts its 1HFY20 Profit before Tax to demonstrate a material improvement on the 1HFY19 results.
  • The company’s revenue continues to grow and the profit has been increased due to the margin improvement arises by the adoption of Software solutions.
  • The company increases the share of higher margin Software and SMA revenues, from 11 per cent to a forecast 15 per cent of total revenue.
  • The Azure Healthcare’s gross margin improvement is forecast to exceed management’s internal goal of 50 per cent for the half, up from 45.7 per cent in the previous corresponding period and 47.3 per cent in 2HFY19. 
 AT AEDT 02:05 PM, the stock was trading  at $0.078, up by 13.043 per cent from its previous close.

 

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