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Animalcare Grp Share News (ANCR)
Share News for Animalcare Grp (ANCR)
| Share Price: 140.50 | Bid: 137.00 | Ask: 144.00 | Change: -1.50 (-1.06%) |  | ||||||
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CORRECTION Animalcare warns on profit for agricultural business, group in-line
Thu, 10th Jul 2008 08:33
(Correcting to clarify that profit warning relates to agricultural business only)
LONDON (
It added that overall full-year earnings are in line with market expectations, and said that the integration of the Genus unit into Ritchey was progressing well.
The company said that higher selling prices and better cost control substantially offset lower-than-expected second half sales in its agricultural business, leading to slightly lower than expected profitability for the full year.
The unit reported a particularly challenging first half, which suffered from outbreaks of Bluetongue and Foot & Mouth disease.
ben.deighton@thomsonreuters.com
bsd/bsd/bsd/vlb
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.
(Correcting to clarify that profit warning relates to agricultural business only)
LONDON (
Thomson Financial) - Animalcare Group Plc, the company formed from the divested veterinary pharmaceuticals subsidiary of Genus Plc and agricultural supplier Ritchey Plc, has issued a full-year profit warning for its agricultural business in its pre-close trading statement, but said its veterinary supplies business is achieving its performance targets.
It added that overall full-year earnings are in line with market expectations, and said that the integration of the Genus unit into Ritchey was progressing well.
The company said that higher selling prices and better cost control substantially offset lower-than-expected second half sales in its agricultural business, leading to slightly lower than expected profitability for the full year.
The unit reported a particularly challenging first half, which suffered from outbreaks of Bluetongue and Foot & Mouth disease.
ben.deighton@thomsonreuters.com
bsd/bsd/bsd/vlb
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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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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