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Alliance Pharma sees underlying profit 'marginally' ahead of market expectations
StockMarketWire.com
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Healthcare company Alliance Pharma said it expected underlying pre-tax profit to marginally top market expectations following 'strong' performance from its consumer healthcare brands.
See-through revenue for 2020 was down 5% on the prior year at £137.5 million.
Consumer healthcare revenues were up 1% to £93.0 million, while revenue from its prescription medicines were £44.5m, down 14% on the prior year, reflecting the negative impact of COVID-19 on the delivery of routine treatments for a large part of the year, the company said.
Looking ahead, the company said the acquisition of Biogix had brought Amberen into the group, a brand for the relief of menopause symptoms, and was expected to be earnings enhancing in FY 2021 and 'significantly' earnings enhancing from FY 2022.
At 9:14am: (LON:APH) Alliance Pharma PLC share price was 0p at 73.1p
Story provided by StockMarketWire.com
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