During 2016 Venture Life Group (VLG) delivered on all KPIs, notably the successful launch of newly acquired UltraDEX range, increasing branded revenues by 250%, helping VLG to exceed revenue expectations up 57% to £14.3m and providing a maiden EBITDA profit of £0.8m. The company is on track to deliver sustainable profitability in the short term as it continues to expand its range of higher margin branded products, an important step towards the further transformation of VLG into a company with higher brand visibility.
23 Mar 2017
Visibility on brands rising with profits
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Visibility on brands rising with profits
Venture Life Group Plc (VLG:LON) | 41.0 0.2 1.2% | Mkt Cap: 51.9m
- Published:
23 Mar 2017 -
Author:
Emma Ulker -
Pages:
8
During 2016 Venture Life Group (VLG) delivered on all KPIs, notably the successful launch of newly acquired UltraDEX range, increasing branded revenues by 250%, helping VLG to exceed revenue expectations up 57% to £14.3m and providing a maiden EBITDA profit of £0.8m. The company is on track to deliver sustainable profitability in the short term as it continues to expand its range of higher margin branded products, an important step towards the further transformation of VLG into a company with higher brand visibility.