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Animalcare Grp Share News (ANCR)
Share News for Animalcare Grp (ANCR)
| Share Price: 139.50 | Bid: 137.00 | Ask: 142.00 | Change: 0.00 (0.00%) |  | ||||||
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Animalcare FY profit up as integrates with Ritchey
Tue, 30th Sep 2008 07:59
LONDON, Sept 30 (Reuters) - Animalcare Group Plc reported Tuesday full-year profits and sales
The company, formed from the divested veterinary pharmaceuticals subsidiary of Genus Plc and agricultural supplier Ritchey Plc, booked pretax profit in line with the company's expectations, up 269 percent to 1.11 million pounds ($2 million) for the year ended June 30.
The company is recommending a higher-than-forecast dividend for the period of 2.25 pence per share, which it says reflects its confidence in the business.
It said the Ritchey livestock unit experienced lower sales due to the outbreaks of Foot & Mouth disease and Bluetongue, but this was mitigated by higher selling prices and robust cost control.
This follows a profit warning for the division issued in July.
(Reporting by Ben Deighton; Editing by Quentin Bryar)
((ben.deighton@reuters.com; +44 207 542 7009; ben.deighton.reuters.com@reuters.net)
($1=.5548 Pound)
Keywords: ANIMALCARE/EARNINGS
tf.TFN-Europe_newsdesk@thomson.com
vs
COPYRIGHT
Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
LONDON, Sept 30 (Reuters) - Animalcare Group Plc reported Tuesday full-year profits and sales
up as it integrates itself into Ritchey, and said the year was transformational for the company as it extends its focus from from farm-animal drugs to drugs for the fast-growing pet market.
The company, formed from the divested veterinary pharmaceuticals subsidiary of Genus Plc and agricultural supplier Ritchey Plc, booked pretax profit in line with the company's expectations, up 269 percent to 1.11 million pounds ($2 million) for the year ended June 30.
The company is recommending a higher-than-forecast dividend for the period of 2.25 pence per share, which it says reflects its confidence in the business.
It said the Ritchey livestock unit experienced lower sales due to the outbreaks of Foot & Mouth disease and Bluetongue, but this was mitigated by higher selling prices and robust cost control.
This follows a profit warning for the division issued in July.
(Reporting by Ben Deighton; Editing by Quentin Bryar)
((ben.deighton@reuters.com; +44 207 542 7009; ben.deighton.reuters.com@reuters.net)
($1=.5548 Pound)
Keywords: ANIMALCARE/EARNINGS
tf.TFN-Europe_newsdesk@thomson.com
vs
COPYRIGHT
Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Animalcare FY profit up as integrates with Ritchey
LONDON, Sept 30 (Reuters) - Animalcare Group Plc reported Tuesday full-year profits and sales up as it integrates itself into Ritchey, and said[30 Sep '08]
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