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Home Industry News Animalcare half-year report demonstrates growth

Animalcare half-year report demonstrates growth

21st February 2011

Animalcare has published its full financial results for the six months ending on December 31st 2010, during which the company experienced year-on-year growth.

The animal health company's revenues rose by 12 percent compared to the corresponding period of 2009 to 5.99 million pounds.

During the half-year, the firm was also able to improve its profit and earnings performance while reducing borrowings, enabling it to pay out its maiden interim dividend.

Animalcare expects to benefit in 2011 from the launch of at least four new licensed veterinary medicine products, of which two will arrive during the first half of the year.

It has also focused its operations via the sale of its Ritchey, Fearing and Travik businesses, which comprised its livestock division, allowing it to concentrate on pet health treatments.

James Lambert, chairman of Animalcare, said: "The first six months of this financial year has seen the completion of the transformation of [the] business to a high margin-focused companion animal veterinary products business."

In December 2010, the firm announced the retirement of John Tobin, its commercial director and company secretary, following a two-and-a-half year spell.ADNFCR-8000103-ID-800418114-ADNFCR

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