A protein powder and supplement firm backed by Coleen Rooney is set to deliver a near £6 million profit bounce as it caps its first year on the stock exchange.
Applied Nutrition, which listed on the London market in a blockbuster £350 million float last October, is tomorrow expected to report profits of around £30 million for the year to July – up from £24.5 million a year ago.
Sales are forecast to have risen to £106 million from £86 million last year, according to data platform Refinitiv.
It follows an upbeat trading update from the firm in August when it predicted its results would be ‘ahead of market expectations’.
On a roll: Applied Nutrition, backed by Coleen Rooney, is set to deliver a near £6 million profit bounce
Its share price has risen 30 per cent since its debut, adding £95 million to its value.
The firm has cashed in on a boom in sports nutrition as more people shape their diets and lifestyles around health and ‘wellness’.
Its boss Thomas Ryder, a Liverpudlian former scaffolder who set up the business in 2014, still holds a 34 per cent stake worth £152 million.
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