StockMarketWire.com - Venture Life Group said the acceleration in revenue growth seen in H1 had continued into H2. It has achieved record FY revenue of £14.3m, up 57%, will post its first FY of EBITDA profitability.

"Associated cash conversion has also improved and as at 31 December 2016, the Group had cash of approximately £2.0m," the company said.

CEO Jerry Randall said the acquired revenues of UltraDEX had added to the good organic growth of the core business, as it continued to develop its brands business across international markets.

"Our active development pipeline continues to produce innovative products to enter interesting and fast growing market segments, and demonstrates the Group's continued ability to generate value from within, while we continue to negotiate and develop new partnerships," said Randall.

"I am delighted with the 2016 results, which demonstrate we are on track to become sustainably profitable."




At 9:25am: [LON:VLG] Venture Life Group Plc share price was +6p at 57.5p



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