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Animalcare Grp Share News (ANCR)
Share News for Animalcare Grp (ANCR)
| Share Price: 141.50 | Bid: 139.00 | Ask: 144.00 | Change: 1.00 (+0.71%) |  | ||||||
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Animalcare swings to H1 pretax loss on fall in turnover UPDATE
Mon, 31st Mar 2008 10:19
(Adds detail from statement)
LONDON (Thomson Financial) - Animalcare Group Plc. swung to a
In the six months to Dec. 31, 2007 the company posted pretax loss of 7,000 pounds compared with a pretax profit of 143,000 pounds a year earlier.
Revenue fell to 3.4 million pounds from 3.7 million pounds a year earlier.
Animalcare said trading in the period had been challenging due to the damage suffered by the livestock industry from the disruption to livestock movements following the foot and mouth and bluetongue outbreaks.
The trading environment remains 'highly challenging' with significant reductions in livestock numbers expected, it said.
However, the company said trading in the second half is showing signs of improvement and that the outlook for the balance of the year appears favourable and in line with market expectations.
It expects the integration of Animalcare Ltd. to be completed in 2008 and that it will make good progress in establishing a platform for future, profitable growth, the company added.
TFN.newsdesk@thomson.com
ash/tc/ash/ro
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.
(Adds detail from statement)
LONDON (Thomson Financial) - Animalcare Group Plc. swung to a
first-half pre-tax loss on a fall in group turnover.
In the six months to Dec. 31, 2007 the company posted pretax loss of 7,000 pounds compared with a pretax profit of 143,000 pounds a year earlier.
Revenue fell to 3.4 million pounds from 3.7 million pounds a year earlier.
Animalcare said trading in the period had been challenging due to the damage suffered by the livestock industry from the disruption to livestock movements following the foot and mouth and bluetongue outbreaks.
The trading environment remains 'highly challenging' with significant reductions in livestock numbers expected, it said.
However, the company said trading in the second half is showing signs of improvement and that the outlook for the balance of the year appears favourable and in line with market expectations.
It expects the integration of Animalcare Ltd. to be completed in 2008 and that it will make good progress in establishing a platform for future, profitable growth, the company added.
TFN.newsdesk@thomson.com
ash/tc/ash/ro
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 says chairman James Lambert buys 30,000 shares at 60p each
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PRESS DIGEST - Financial Times - Oct 1
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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]
CORRECTION Animalcare warns on profit for agricultural business, group in-line
(Correcting to clarify that profit warning relates to agricultural business only) LONDON (Thomson Financial) - Animalcare Group Plc, the com[10 Jul '08]
Animalcare issues profit warning for fy, says 'slightly' lower than expected
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Animalcare names John Tobin new finance director
LONDON (Thomson Financial) - Animalcare Group Plc. said it has appointed John Tobin as the group finance director, with immediate effect. Th[11 Apr '08]
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