IN BRIEF: Venture Life Swings To Profit On Solid Revenue Growth

Thu, 24th Sep 2020 11:45

Venture Life Group PLC - self-care products manufacturer based in Berkshire, England - Revenue for the six months to June 30 increased 80% to GBP16.9 million from GBP9.4 million. Of this revenue growth 65% was organic, and 15% was through the acquisition of PharmaSource. Swings to pretax profit of GBP2.1 million from GBP118,000 loss. Strong order book ahead and confident for the future. Cash at period end of GBP6.6 million.

Current stock price: 101.10 pence

Year-to-date change: up more than 100%; 33.50p on December 31.

By Tapan Panchal; tapanpanchal@alliancenews.com

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