Indivior maintains 2021 guidance as first quarter revenue increases
Thu, 29th Apr 2021 12:26
(Alliance News) - Indivior PLC on Thursday said it has retained its financial 2021 guidance as a result of a first-quarter revenue rise.
The Richmond, Virginia-based pharmaceutical firm s revenue for the first quarter increased by 18% to USD180 million from USD153 million a year prior, while it swung to a net profit of USD80 million from a USD163 million loss.
Indivior said results benefited from higher net revenue from Sublocade, continued growth in the buprenorphine medication-assisted market, and relative market share stability in the US for Suboxone film. We have seen an encouraging start in financial 2021 with growth in net revenue, operating profit and cash from execution against our strategic priorities. Despite the ongoing impacts of Covid-19, the Sublocade injection achieved solid net revenue growth both on a sequential and year-over-year basis, and we expanded our organized h
Inchcape first quarter results ahead of expectations amid sales drop
Thu, 29th Apr 2021 10:04
(Alliance News) - Inchcape PLC on Thursday said its first-quarter results were ahead of internal expectations.
The London-based automotive distribution, retail and services company reported revenue of GBP1.9 billion for the quarter, up 2% on an organic basis but 3% lower on a reported basis.
Inchcape s Distribution revenue rose 10% on a reported basis in the period, with top-line performance improving sequentially across most regions. Asia, Australasia, Europe and the Americas all delivered positive year-on-year revenue growth, it said.
Meanwhile, Retail sales were down 18%. The company s Retail division saw a solid revenue performance in Russia that was offset by the UK, which faced severe restrictions with showrooms being closed throughout the first quarter. The business continued to operate online and perform Aftersales services, it added.
IN BRIEF: Helium One begins rig mobilisation; to trade on OTC market
Thu, 29th Apr 2021 11:58
Helium One Global Ltd - Tanzania-focused helium miner - Commences mobilisation of a drilling rig and ancillary equipment to a forward holding yard near Mbeya, around 100 kilometres from the Rukwa project. Says mobilisation is progressing on time to allow the company to achieve its target spudding date of mid-May. Mobilising a project of this size requires time and planning. Equipment from a wide range of sources will be collected at a forward holding yard near Mbeya before travelling in convoy to the first well location, says Chief Executive David Minchin.