roup 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.
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.
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.