Shares in healthcare group Venture Life (LON:VLG) tanked over 5 percent at market open on Wednesday, despite saying that expected to report a full-year revenue rise of 12 percent.
Revenue is likely to rise to £16 million, with Ebitda up to over £1.7 million.
However, the company’s earnings figure will reflected the new accounting standard related to long-term rental agreements, which is set to increase Ebitda but have a minimal effort on the group’s reported profit.
This could be one of the reasons that shares were trading down in the wake of the announcement, currently down 5.48 percent at 44.71 (0844GMT).
