Hester Biosciences Q2 Results: Shares jump 8% after profit rises 41%, revenue grows 38%

The board of Hester Biosciences has approved an unsecured loan of $1 million to its wholly owned subsidiary, Hester Biosciences Africa Ltd., based in Tanzania. The loan will be disbursed in one or more tranches and will be used for business and general corporate purposes, including meeting working capital requirements.