Venture Life sees profits 'at least' meeting expectations amid 16% sales rise

Writer, Stock Market Wire
Tuesday, January 29, 2019 - 07:59

Consumer healthcare company Venture Life Group said it expected to post adjusted earnings 'at least' in line with market expectations as revenue jumped.

The company also announced that chief financial officer Adrian Crockett had left with immediate effect to pursue other opportunities.

Revenue for the year through December was expected to show an increase of 16% to £18.7m, the company said.

'Adjusted Ebitda is expected to be at least in line with market expectations,' it added.

Supermarket chain Morrisons had meanwhile confirmed the launch of the company's Dentyl BB Mints in just under 300 stores in the UK.

A search process for Crockett's successor had commenced, Venture Life said. In the interim, its operational finance function would be overseen by Jerry Randall.

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