9th Mar 2020 11:58
(Alliance News) - Venture Life Group PLC on Monday said it has made a strong start to 2020, with its order book remaining strong.
The self-care products developer said the expected growth in orders from China has materialised and, whilst still early in the year, orders from China are exceeding expectations.
"We are pleased to report that our strong order book going into the first quarter has been converting to sales during the current trading period," said Chief Executive Jerry Randall.
The company said it has taken "reasonable and appropriate" precautions to protect against any impact from COVID-19 at its Biokosmes facility. Venture Life said it has not experienced absenteeism over what would normally be expected at this time of year and is pleased to note that there has been no impact to production.
"We remain well stocked and have appropriate contingency plans in place to ensure all parts of the supply chain are maintained, and we continue to see good levels of demand across all areas of our business," added Randall.
The company said it expects to announce its 2019 results on March 26.
AIM-listed Venture Life shares were trading 4.7% higher in London on Monday at 28.80 pence each.
By Evelina Grecenko; [email protected]
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