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Home Industry News Norbrook reports strong revenue growth for 2017 business year

Norbrook reports strong revenue growth for 2017 business year

11th December 2017

Norbrook has announced its financial results for the 12 months ending on July 31st 2017, highlighting the strength of its business performance during the year.

The animal health company achieved a revenue total of 272 million pounds for the year, up by 14 percent year on year, or five percent on a constant exchange rate basis. Operating profits, meanwhile, rose by 11.7 million pounds to a 50.2 million pound total.

This improvement was attributed to recent significant capital investments made to further strengthen the company's position in the global veterinary pharmaceutical market, with current total multi-year investment commitments exceeding 50 million pounds.

Three new products launched in the last year helping to drive business, particularly in the US, with the farm and companion animal categories both performing strongly. The firm also created a second new laboratory facility, expanded its manufacturing capabilities and upgraded its IT infrastructure.

Liam Nagle, chief executive officer at Norbrook, said: "We will continue to invest in delivering growth and a sustainable business with a clear and focused strategy to take advantage of what continues to be a buoyant veterinary pharmaceutical sector."

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