Health Corp’s losses
September 30, 2010
HEALTH Corporation Limited has
clocked a consolidated loss of
$3,180,089 for the period ending
30 June 2010, a result which marks
a considerable 63.45% increase on
its 2009 loss of $1,945,590.
The period also saw the company
complete an entitlements issue
whereby it allotted 35,511,218
shares at an issue price of
AU$0.0075 per share, which raised
a total of $266 before costs.
In addition the period also saw
HCL acquire a new complementary
bioscience business, as part of its
drive to acquire assets to add to its
existent business model.
Moving forward the company
stated that it would continue to look
for investment opportunities
throughout the next financial year,
and that it already has its eye on “a
number of complementary business
investments and project
acquisitions”.
So far HCL directors have
remained tight-lipped on their
response to the results, however
stay tuned to PD for their comments
over the coming weeks.
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