Collagen Solutions revenue up but loss widens

Jamal Rushdy

Shares of Glasgow-based Collagen Solutions, a manufacturer of medical grade collagen biomaterials, fell about 12% after it said its revenue and other income increased by 30% to £1.89 million in the six months to September 30 but its pre-tax loss widened to £983,313 from £356,537 for the same period last year.

The company said it had invested in its sales and marketing effort and predicted it could grow its revenue fivefold in five years.