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IN BRIEF: Voyager Life interim revenue up but loss widens

Fri, 08th Dec 2023 13:29

Voyager Life PLC - Perth, Scotland-based CBD and hemp business with operations in Scotland and Poland - In the six months ended September 30, revenue rises 22% to GBP165,000 from GBP135,000 a year earlier. The driver of growth for the period was trade sales, it says. However, pretax loss widens to GBP528,000 from GBP511,000.

Chair Eric Boyle says: "We have spoken in the past about the work we have done in creating a platform for growth and we are now seeing the fruits of our labours. Pets at Home and Jollyes are two new retailers to stock our products with Debenhams to follow shortly. Jollyes has already re-ordered and we are at the beginning of our relationship with the other two."

Voyager Life shares last traded at 9.50 pence each on Aquis on September 28.

By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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