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InnovaDerma PLC expects more than doubling of pre-tax profit after strong year

InnovaDerma PLC (LON:IDP) executive chairman Haris Chaudhry and CEO Kieran Callan caught up with Proactive London's Andrew Scott to discuss their trading update for the 12 months to 30 June 2019. 

The maker of beauty and personal care products said revenues had increased by 21% to £13mln, and, as a result, pre-tax profits were expected to have more than doubled from the £670,000 reported in 2018.

Quick facts: InnovaDerma PLC

Price: 59.46 GBX

LSE:IDP
Market: LSE
Market Cap: £8.62 m
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