Almirall shares rise on return of growth
Shares in Spanish dermatology specialist Almirall (ALM: MC) closed 4% up on Monday after the company announced its financial results for 2018.
The reaction was a far cry from a year ago, when Almirall, Spain's largest drugmaker, reported a 304 million euros ($345 million) loss and shares tumbled by 5%.
This time, all the figures announced showed that the company is again moving in the right direction. Total revenues were up on 2017 by 8% at 811 million euros and earnings before interest, taxation, depreciation and amortization (EBITDA) were 210 million euros, a rise of 48%.
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