Alliance Pharma (GB:APH) has released an update.
Alliance Pharma PLC has reported a robust financial performance for the first half of 2024, with revenues rising to £84.8 million, a 2.8% increase from the previous year, and a steady gross profit growth of 8.1%. Key growth drivers included the Kelo-Cote franchise and a strong performance in the US market, despite a downturn in Nizoral and Amberen sales. The company’s strategic investments in marketing and innovation are expected to continue to deliver strong free cash flow and reduce net debt by year-end.
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