Alliance Pharma revenues doubled in 2016 after its first full year since its tie-up with Sinclair

 
Oliver Gill
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Alliance Pharma produces a variety of pharmaceutical and healthcare products (Source: Getty)

Alliance Pharma revenues more than doubled in 2016 with the firm boosted by its December 2015 acquisition of Sinclair.

In its annual trading update, the firm said revenues would be £97.5m, up from £48.3m in 2015. Although £43.8m of this increase was attributable to ex-Sinclair products, the group delivered organic growth of 13 per cent compare with 2015.

Read more: Alliance Pharma raises forecast

The weakening of sterling contributed £4.2m of additional revenues as a result of sales in US dollar and euro jurisdictions.

The firm also bolstered its balance sheet, reducing net debt from £79m in June to £76m and squeezing out £10m of free cash flow in the second half of the year.

Shares rose by 0.5 per cent in trading yesterday.

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