29th Jul 2024 16:20
Alliance Pharma PLC - Chippenham, Wiltshire-based distributor of consumer healthcare brands and prescription medicines - Issues trading update for the six months to June 30. Expects revenue of GBP84.8 million, up 2.8% from GBP82.4 million a year prior. Consumer Healthcare revenues rise 5% to GBP61.4 million, prescription medicine revenues grows 3.4% to GBP23.3 million. Continues to expect group revenue to build throughout the second half, driving gross margin improvement which will be used to support further investment in marketing and innovation. Continues to anticipate that full-year profitability will be in line with financial 2023. Expects net debt and leverage to fall further in the second half, reflecting the group's strong cash generation.
Current stock price: 38.05 pence
12-month change: down 25%
By Jeremy Cutler, Alliance News reporter
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