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Collagen Solutions PLC

Collagen Solutions sees clear path to profitability as commercial development progresses

Collagen Solutions PLC's (LON:COS) Jamal Rushdy and Hilary Spence talk Proactive London's Andrew Scott through the firm's results for the year ended 31 March 2019.

Revenues were up 22% in the year at £4.5mln, while its loss narrowed by just under £500,000 to £1.22mln.

The core business was profitable on an underlying earnings (EBITDA) basis in the final quarter.

Operationally, they landed 29 new customers as it grew its North American business by 72%.

Quick facts: Collagen Solutions PLC

Price: 3.55 GBX

Market: LSE
Market Cap: £15.75 m
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Collagen Solutions welcomes new institutional investor Rosen’s Diversified

Jamal Rushdy and Hilary Spence from Collagen Solutions PLC (LON:COS) speak to Proactive London following the news they're to raise £6mln at a premium to its current share price. A multi-billion-dollar US agriculture company has agreed to contribute the majority of the cash. Rosen’s...

on 20/5/19

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