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IN BRIEF: InnovaDerma Expects Reduced Profit Despite Higher Revenue

10th Jul 2020 10:43

InnovaDerma PLC - Beauty and life science products developer - Expects revenue for year to the end of June to be up 2.3% at GBP13.2 million from GBP12.9 million. However Covid-19, higher online advertising costs and the closure of the bricks and mortar retail channels has hurt profitability, leading to expectations of much reduced profit for the year.

Current stock price: 65.64 pence

Year-to-date change: down 10%

By Dayo Laniyan; [email protected]

Copyright 2020 Alliance News Limited. All Rights Reserved.


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