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Company News Summary

Monash IVF Group Provides Trading Update

29 Jun 2020  |  10:10:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: MVF Trading Update

Monash IVF Group provided a business update and impact of COVID-19 on the Company following its previous COVID-19 update issued on 27 April 2020. As compared to pcp and pre-COVID-19 levels, the Company has experienced positive domestic stimulated cycle growth between the period from 18 May to 30 June 2020 whereby stimulated cycles are up by 25% compared to pcp. The Malaysian IVF business continued to be impacted by the Movement Control Order which was eased on 9 June 2020. The Company anticipates Adjusted 2H 2020 NPAT will be $4.6m, 55% down on pcp having being heavily impacted by disruption caused by COVID-19.

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