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Science in Sport to report 'slight' operating loss due to rising whey prices

By BFN News | 07:42 AM | Friday 22 November, 2019

Nutrition group Science in Sport warned that it now expected to report a small operating loss, despite a rise in sales, amid higher whey prices. The company said its sales for the year through December were expected to be slightly ahead of market expectations. However, it said it had also absorbed a global whey price increase and a foreign exchange effect relating to very strong sales of its so-called Smart Bars. 'As a consequence, the previously expected small Ebitda profit of £0.3m for the year is now anticipated to be a small Ebitda loss,' the company said. Cash balances at the year-end were expected to be in line with management expectations at about £5.3m. Story provided by

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