Venn Life Sciences' share surge after upbeat FY update
Venn Life Science's shares were up almost a fifth as it issued an upbeat update on full-year 2016, saying the 12-month period represented another of strong growth.
FTSE AIM All-Share
738.46
11:05 07/10/24
n/a
n/a
Health Care Equipment & Services
11,024.76
10:54 07/10/24
-0.43%
-47.52
Hvivo
27.70p
10:50 07/10/24
-0.18%
-0.05p
Sales for the period were in excess of €18m, from €11m. The business finished 2016 with a strong cash position of €3m, from €1.75m at 30 June 2016).
"The strong momentum enjoyed by the business in 2016 has continued into 2017 todate, with new business contracts signed to the value €5.7m in the first two months of the year," it said.
At 10:45 GMT, shares in AIM-quoted Venn were up 18.84% to 20.50p each.