New Zealand Markets Ended in Green: What You Need to Know

  • May 06, 2020 NZST
  • Team Kalkine
New Zealand Markets Ended in Green: What You Need to Know

On May 6, 2020, S&P/NZX50 ended the session in green as there was a rise of 0.78% to 10,573. On the same day, S&P/NZX20 rose by 0.69% to 7,156 while S&P/NZX10 increased by 0.90% to 11,137. S&P/NZX All Information Technology witnessed a rise of 11.10% while S&P/NZX All Real Estate declined by 1.12%. Let us now have a look at how individual stocks have performed on May 6, 2020.

Pushpay Holdings Ltd (NZX: PPH) ended the session by rising 20.88% on an intraday basis to NZ$5.500 per share, while TruScreen Limited (NZX: TRU) closed at NZ$0.070 per share (a rise of 14.75%). On the other hand, PaySauce Limited (NZX: PYS) declined by 4.26% on an intraday basis to NZ$0.450 per share and Cavalier Corporation Limited (NZX: CAV) fell by 4.15% to NZ$0.185 per share.

Pushpay Holdings Ended in Green

Pushpay Holdings Limited (NZSX: PPH) has released its financial results for the year ended 31st March 2020. The company stated that it posted robust result for the year ended 31st March 2020 and it has delivered robust revenue growth, expanding operating margins, EBITDAF growth as well as operating cash flow improvements.

The company increased total revenue for the year ended 31st March 2020 by US$31.4 Mn from US$98.4 Mn to US$129.8 Mn. Notably, it implies an increase of 32%. Operating revenue of the company increased by US$31.6 Mn from US$95.9 Mn to US$127.5 Mn, reflecting a rise of 33%. PPH witnessed an increase in its EBITDAF by US$23.5 Mn from US$1.6 Mn to US$25.1 Mn.

The company has achieved total processing volume guidance for the year to March 31, 2020, increasing total processing volume by US$1.4 Bn, from US$3.6 Bn to US$5.0 Bn. This reflects a rise of 39%.

TruScreen Limited Rose by 14.75% on May 6, 2020

TruScreen Limited (NZX: TRU) came forward and notified the market that, during the month of April 2020, TruScreen cervical screening device became operational in 4 new hospitals in Shanghai Municipality and in Sichuan Province.

The company’s China distributor named Beijing Siweixiangtai Tech Co., Ltd (or SWXT) was successful in securing an order for supplying TruScreen cervical screening device to a further 5 hospitals, for delivery as well as installation in the month of May 2020.

 


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