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Home Industry News Dechra reports double-digit growth over last 12 months

Dechra reports double-digit growth over last 12 months

26th July 2017

Dechra Pharmaceuticals has highlighted its recent strong growth in a preliminary account of its financial results for the 12 months ending on June 30th 2017.

During the fiscal year, the animal health company's revenue increased by 45 percent compared to the previous year, with a good performance from its core business complemented by a number of successful acquisitions.

European pharmaceutical revenue was up by 20 percent, driven by a strong performance from its core companion animal product business, while in North America the increase was an even more pronounced 125 percent, with the companion animal and equine portfolios supporting this surge.

The company will provide a more detailed account of its growth performance when it releases its full-year results on September 4th.

Dechra chief executive Ian Page said: "As we complete our 20th year since the inception of Dechra, we are pleased to report that the group has delivered another strong financial performance."

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