21st Jan 2015 09:56
LONDON (Alliance News) - Source BioScience PLC said Wednesday that it performed in line with expectations in 2014, and that it is "encouraged" by its opportunities and outlook for 2015.
Source BioScience said its full year results are expected to demonstrate "significant growth" in revenue and adjusted earnings compared to 2013.
The company said that, whilst its top line growth has been slightly lower than expected due to pricing pressures in the life science research market, its sales mix and operational efficiencies have helped improve its adjusted profit margins before exceptional items.
As a result of this, it also expects to meet expectations for its adjusted profits before exceptional items. The company did not detail how its figures are adjusted.
Source BioScience expects to announce its full year results in the second half of March.
Shares in Source BioScience are trading down 2.1% at 11.01 pence Wednesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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