PolyNovo Limited Celebrates Stellar FY24 Results

Polynovo Limited (AU:PNV) has released an update.

PolyNovo Limited has announced impressive full-year results for FY24, boasting a significant revenue increase of 57.5% and a sales surge of 54.5%. The company achieved a net profit after tax of A$5.3m, a remarkable turnaround from the previous year’s A$4.9m loss, with strong performance especially noted in the U.S. and Rest of World markets. The end of the year also saw PolyNovo with a healthy cash position of A$45.9m.

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