- Collagen Solutions' group revenue and other income increased by 26% to £4.09 million in the year to the end of March.

It said this growth was organic and driven largely by gains in Europe and Asia, where the first investments in commercial activities were made.

Operating losses before interest, tax, depreciation and amortisation rose to £1.0m up from £257,651 last time.

Chief executive Jamal Rushdy said: "I am pleased with the progress our team has made over the past year with our new focused strategy to deliver growth in our core supply, development, and manufacturing business through several commercial initiatives, and to build strategic value with our proprietary products R&D pipeline.

"In addition, our recent financing at the end of the financial year strengthened our balance sheet to fuel these growth initiatives.

"Finally, we strengthened our leadership team with three key appointments in Sales and Marketing, Research and Development, and General Management.

"With this momentum, funding, and team in place we remain positive about our vision to be the industry's first choice in regenerative biomaterials and progress towards our goals to deliver our revenue growth and profitability targets."

At 8:14am: [LON:COS] Collagen Solutions Plc share price was 0p at 5.13p

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