(NewsDirect)
hVIVO PLC (AIM:HVO) chief executive MoKhan speaks to Thomas Warner from Proactive after the specialistcontract research organisation announced its interim results for thesix months to 30 June.
Khan gives anoverview of the results, highlighting an increase in revenues andmargins that he attributes in part to an uptick in human challengetrials and their scale. Operational efficiency initiatives are alsocontributing positively to profit margins. He adds that the order bookremains robust and that the company is in a strong cash position,holding around £31mln.
The companyis diversifying services, introducing new challenge models, andexploring additional revenue streams through partnerships forvolunteer repurposing and lab services expansion. He also touches onhVIVO's move to Canary Wharf which he says promises an increase incapacity and efficiency.
He suggeststhat the move creates "the perfect opportunity" for hVIVO tolock in future growth. He concludes by talking about full-yearguidance and a new dividend.
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