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Alliance Pharma
- BY: Andrew Hore |
- POSTED: 07/07/2009 |
- COMMENTS: Add yours
Alliance Pharma says that its sales rose by one-third in the first half of 2009.
The share price has risen more than 400% in six months. At 16.25p a share, up 1.25p on the day, the pharmaceuticals supplier is valued at £26.3m.
Sales will be in the region of £13.2m in the six months to June 2009. Gross margins have improved so the interim profit should be at least £2.7m.
Nigel Wray recently increased his stake to 10.3%.
The interim figures will be published on 9 September.
Dividend payments should start early in 2009.
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