InnovaDerma Plc Reports 21% Rise In FY19 Revenue

  • Sep 24, 2019 BST
  • Team Kalkine
  • InnovaDerma Plc (IDP) has announced its audited results for the year ended 30 June 2019.
  • The revenues of the company were up by 21 per cent to £12.9 million as compared to £10.7 million reported in FY18.
  • The company’s gross profit surged by 32.8 per cent to £8.1 million as compared to £6.1 million in FY18.
  • On the operational front, the company’s DTC customer base grew strongly, bringing a record number of orders in H2 2019 with the revenue increase of 22 per cent on the previous year.
  • On 24th September 2019, at the time of writing, GMT 13:13 PM, IDP shares were trading at GBX 84.50, up by 7.50 points or 9.74 per cent against the previous day closing price.

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