Revolution Beauty Group plc (GB:REVB) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Revolution Beauty Group plc has announced its subsidiary, Revolution Labs, will manufacture and supply products for Carbon Theory Limited and Delhicious Ltd, with expected revenues of £530,000 and profits before tax of £50,000 for the current financial year. These entities are partially owned by significant shareholder Adam Minto, and the transactions are deemed fair by the company’s directors. All financial dealings with these associated companies will be transparently disclosed in the upcoming financial statements.
For further insights into GB:REVB stock, check out TipRanks’ Stock Analysis page.