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Animalcare pre-tax profits up 27.6%

By BFN News | 07:39 AM | Tuesday 24 February, 2015


Animalcare - a leading supplier of veterinary medicines - posts pre-tax profits of £1.76m for the six months to the end of December, 27.6% up on last time. Revenues were up 7.2% at £6.93m and underlying earnings before interest, tax, deprciation and amortisation rose by 22.2% to £1.93m. Basic underlying earnings per share rose by 23/6% to 6/8p and the interim dividend of 1.8p is up 20%. Chairman James Lambert said: "I am delighted to report a solid start to our financial year in all three areas of the business. The Group remains on target to perform in line with management expectations for the full year to 30th June 2015. The Board is committed to its strategy to invest in enhanced generic medicines that will deliver growth and protectable revenue to the medium to long-term. I am extremely pleased to be able to increase the interim dividend to 1.8 pence per share, given the solid trading performance and strong financial position of the Group." Story provided by StockMarketWire.com

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