25th Jan 2016 08:06
LONDON (Alliance News) - Revolymer PLC on Monday said it has renewed and expanded its contract to supply nicotine gum to a Canadian retailer.
Revolymer said it has seen continuous growth in its revenue stream from this business since the contract was originally signed in 2013. In addition, it has signed a separate contract with a distributor supplying nicotine gum into Canadian convenience outlets.
No financial details on the deals were disclosed.
"We are delighted to have successfully retained the Canadian business which has been a driver of revenue growth over the last two and a half years. We also have the potential for further revenue growth in 2016 within the renewed contract and through a new channel to the convenience market," Chief Executive Kevin Matthews said in a statement.
Revolymer shares were up 3.1% to 66.00 pence on the news.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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