Companies

Hvivo reports double-digit sales and profit growth for the first half of the year

The pharmaceutical services company founded by businessman Cathal Friel said it is on track to deliver full year earnings of €9 to €12 million

Cathal Friel the founder and chair of Hvivo

Hvivo, the Dublin-listed pharmaceutical services company founded by businessman Cathal Friel, has said it expects to deliver double-digit topline growth for the first six months of the year, as well as a strong increase in profit margins.

In a trading up to investors on Wednesday, the Dublin-headquartered company said it expects to generate revenues of £27.3 million (€32 million) for the first six months of 2023 – a 52 per cent increase on the £18 ...