Connect with us

Business

Why the Estia Health (ASX:EHE) share price is swinging around

Published

on

Estia Health Ltd (ASX: EHE) shares popped this morning following the company’s release of its FY21 half-year (1H21) results. In the first hour of trade, the Estia share price jumped nearly 5% to an intraday high of $2.13. However, it’s been fluctuating since and is currently trading at $2.05, up 0.99% for the day so far.

Let’s take a look at what the aged care services provider reported.

What did Estia Health report?

The Estia share price is in positive territory today despite the company reporting a $5.3 million loss for 1H21 compared to the $14.3 million profit it achieved at the end of 1H20.

Revenues totalled $322.5 million for the half, 2% higher than the $316.1 million reported for the prior corresponding half.

Estia…



Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Sydney fuel prices set to peak at highest levels since start of COVID-19 pandemic – 9News
The Argosy (ASX:AGY) share price is racing 9% higher. Here’s why.