Half Year Results 

Medica: top line to the rescue

Medica: top line to the rescue

Medica’s (MGP) initial public offering (IPO) has had a marked effect on the balance sheet. After raising £15m of cash in March, the teleradiology company repaid £15.7m of debt, which more than halved finance costs in the period. Together with cash generated from operations, this fundraising helped to bring net debt down to £8.5m by the period end, from £22m six months earlier.

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