Revenue and Profit Growth
Revenues for the first half were GBP 25.2 million, in line with the previous year, but closer to GBP 26 million on a constant currency basis. Gross profit improved with a gross margin increase to 50% from 48%. EBITDA grew by 7.4% to GBP 5.8 million, and profit increased by 16.1%.
Increase in Production and New Contracts
Hematology analyzer production increased by 60% compared to the previous year. Three new contracts were signed in strategic growth areas, specifically in Africa and Latin America.
Beta-Hydroxybutyrate Performance
Sales of Beta-Hydroxybutyrate increased by 12%, or 16% on a consistent currency basis, reflecting strong performance.
Share Buyback Program
The company implemented a share buyback program, acquiring 4.6 million shares, aimed at improving earnings per share.
Hematology Analyzer Growth
Significant growth in hematology analyzer build at 125%, with major deployments in Peru, Brazil, USA, and Italy.
Pipeline and New Business in Life Sciences
A $1.5 million pipeline of new business in Life Sciences, with a significant contract in the final stages of agreement.