Mayne Pharma’s Stellar Financial Turnaround in FY24

Mayne Pharma Group (AU:MYX) has released an update.

Mayne Pharma Group Limited reports a substantial financial upswing in FY24, with reported revenue skyrocketing by 112% to $388.4 million and underlying EBITDA turning around to $22.9 million from a prior loss. The growth was buoyed by significant gains across all business segments, particularly Women’s Health and Dermatology, and was complemented by disciplined operational expenditure and a solid cash reserve position.

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