16th Aug 2018 12:23
LONDON (Alliance News) - Venture Life Group PLC said Thursday that first half revenue is anticipated to be 6% ahead year-on-year due to strong organic growth and second half revenue is estimated to be ahead of the first half and in line with market expectations for the full year.
For the six months to June-end, the company expects to record revenue of around GBP8.3 million. Second half revenue is expected to be helped by the first contribution from the newly acquired Dentyl brand, order phasing and additional new business.
Venture Life's order book at the end of July was more than 20% higher than the same time last year.
The company also said that its UltraDEX oral mouthwash product range will be launched in Spain, Portugal and Belgium in fourth quarter of 2018 by the French partner La Brosse et Dupont SAS. The partner also will launch UltraDEX One Go liquid sachets and UltraDEX sensitive toothpaste into the French mass market channel in the final quarter of the year.
Venture Life is scheduled to release its first-half results on September 20. Shares in the company were trading were up 4.8% at 48.42 pence a piece on Thursday afternoon.
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