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Home Industry News Animalcare reports growth in full 2009-10 fiscal year

Animalcare reports growth in full 2009-10 fiscal year

6th October 2010

Animalcare has posted its full financial breakdown for the 2009-10 business year, during which the firm saw its revenue figure increase by 12.9 per cent year-on-year.

The veterinary supplies company took a total of 19.9 million pounds in revenues during the 12 months ending June 30th 2010, with its companion animal business accounting for more than half of this.

In addition, the firm has made several strides towards achieving a tighter focus on the companion animal sector by closing its Travik Chemicals formulation plant, as well as selling off its agriculture sector interests for 3.2 million pounds.

The latter deal was completed last month and saw Animalcare transfer assets and share capital of Ritchey Limited and Fearing International to Tru-Test UK.

Moreover, a number of new licensed Animalcare veterinary products were successfully introduced in the last year.

James Lambert, chairman of the group, said: "2010 has been a transformational year for the company whilst still achieving all our financial targets. The company has achieved record sales, margins and underlying profits during the last financial year."ADNFCR-8000103-ID-800102005-ADNFCR

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