Sinclair Pharma to report strong revenue growth
This article was originally published in Scrip
Sinclair Pharma is expected to post revenues of £30.2 million in preliminary financial results for the year ended June 30th. This is an increase of 30% compared with the same period last year, Piper Jaffray analysts say. A trading update at the end of July indicated that growth occurred across all of the company's major markets, especially in the dermacosmetics field. The analysts have estimated that Sinclair will benefit from a positive currency effect of £1.2 million and licence fee income of £1 million from the relicensing of the mouth ulcer treatment Aloclair following a change in its agreement with Sunstar Butler. In the results, which will be announced on October 1st, Piper Jaffray believes Sinclair will report maiden profitability for the full year. In addition, the company is expected to report net debt of £2.9 million, which should be supplemented by a €2.2 million exceptional tax repayment from the French tax authorities next month, Piper Jaffray add.
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