Venture Life (GB:VLG) has released an update.
Venture Life Group PLC maintained stable revenues at £23.5m in the first half of 2024, with an 8% growth in its own brands and a notable increase in gross margin to 38.1%. Despite a strategic increase in marketing spend resulting in an 18.4% decrease in adjusted EBITDA, the company reports a strong cash flow and reduced net debt. The firm is poised for continued growth, with new agreements and collaborations in Women’s Health and innovative product development driving momentum in UK and international markets.
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