Animalcare continues to perform very much as expected, with the FY15 trading update showing a 5.1% rise in group revenues to £13.54m. This was driven by the 8.8% increase in Licensed Veterinary Medicines to £8.58m, with Companion Animal Identification down 4.5% to £2.31m and Animal Welfare up 2.6% to £2.65m. Underlying operating profit is expected to be at least £3.0m, slightly higher than our forecast. Cash generation remains strong, higher than expected, with c
13 Jul 2015
Trading in companion animals is spot on
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Trading in companion animals is spot on
Animalcare Group PLC (ANCR:LON) | 217 0 0.0% | Mkt Cap: 130.4m
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13 Jul 2015 - Author:
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Animalcare continues to perform very much as expected, with the FY15 trading update showing a 5.1% rise in group revenues to £13.54m. This was driven by the 8.8% increase in Licensed Veterinary Medicines to £8.58m, with Companion Animal Identification down 4.5% to £2.31m and Animal Welfare up 2.6% to £2.65m. Underlying operating profit is expected to be at least £3.0m, slightly higher than our forecast. Cash generation remains strong, higher than expected, with c