Vetoquinol publishes half-year financials

Veterinary supplier Vetoquinol has published its financial results for the first half of its 2008 fiscal year.

The company reported revenues of 116.7 million euros (93.4 million pounds), a five per cent increase over the same period last year.

Operating profit from continuing operations dropped 6.9 per cent on a year-on-year basis to 13.4 billion euros, while operating profit fell 0.7 per cent to the same figure.

Net profit attributable to shareholders in the parent company rose by 15.3 per cent during the period to 9.1 million euros.

“Despite economic uncertainties related notably to the pork crisis in certain European countries and in Canada, Vetoquinol’s revenue growth outpaced the market,” the company said.

It added it was the second-fastest growing veterinary pharmaceutical laboratory at same scope in nominal dollar terms.

Last month, Vetoquinol announced the acquisition of the animal health business assets of Vetcom 1979.