Venture Life has announced its interim results for the six months to June 2021. As previously announced in the August trading statement, revenues were down YoY due to lower HSG sales and sales to the Chinese partner, though revenues are expected to grow subsequently, benefiting from the two recent acquisitions. H1/21 gross margin was impacted by a number of factors including supply chain costs and stockholding costs; however, the company expect margins to improve in H2/21E. Despite the set-backs ....
23 Sep 2021
Cenkos: Venture Life Group Plc -- Interim results
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Cenkos: Venture Life Group Plc -- Interim results
Venture Life Group Plc (VLG:LON) | 40.0 0.3 1.9% | Mkt Cap: 50.6m
- Published:
23 Sep 2021 -
Author:
Chris Donnellan -
Pages:
8
Venture Life has announced its interim results for the six months to June 2021. As previously announced in the August trading statement, revenues were down YoY due to lower HSG sales and sales to the Chinese partner, though revenues are expected to grow subsequently, benefiting from the two recent acquisitions. H1/21 gross margin was impacted by a number of factors including supply chain costs and stockholding costs; however, the company expect margins to improve in H2/21E. Despite the set-backs ....