Strong US Sales Help; Design-a-Bear in Web Site Shortlist
Byline: HYWEL TREWYN
STRONG sales in the US of a diabetes diagnostic product have helped Deeside-based medical group Provalis report gross profits of of pounds 7.7m this year.
The group's preliminary results for the year ended June 30 showed the profit to be an increase of pounds 2.4m over last year,giving a margin on sales of 55pc.
After accounting for an exceptional gain of pounds 3.4m from the variation of the distribution agreement with Dr Falk Pharma, Provalis reports its first profit before tax of pounds 1.3m and a profit per share of 0.4pence.
The Group reduced its operating loss for its continuing businesses from pounds 4.2m in 2002 to …
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Publication information: Article title: Strong US Sales Help; Design-a-Bear in Web Site Shortlist. Contributors: Not available. Newspaper title: Daily Post (Liverpool, England). Publication date: September 3, 2003. Page number: 25. © 2009 MGN Ltd. COPYRIGHT 2003 Gale Group.
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