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Animalcare Grp ShareCast News (ANCR)
ShareCast 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 Says Profits To Beat Hopes After Revenues Rise 15%
Tue, 13th Jul 2010 08:59
By Charlie Greenaway
Of DOW JONES NEWSWIRES
LONDON (Dow Jones)--U.K. veterinary medicine supplier Animalcare Group PLC (ANCR.LN) Tuesday said it expects profits to be higher than market expectations for its last fiscal year after revenues rose 15%.
The company, which also manufactures and supplies livestock products such as identification ear tags and grooming products to agricultural retailers, said revenue in its Animalcare Ltd veterinary supplies business was approximately 20% ahead of the same period last year, helped by new launches such as the flavoured version of the generic heart drug Benazecare.
The board expects a number of new products to be launched in the coming financial year.
Revenues at its combined agricultural businesses -- Ritchey, Fearing International and Travik -- were about 9% ahead of the previous year, mainly due to the high sales of electronic sheep tags by Ritchey. Its fiscal year ended June 30.
It cautioned that trading at the agricultural division remains challenging. It said its review of the strategic direction of the unit has gone well and it expects to announce the outcome when it releases its preliminary results, due October 4.
-By Charlie Greenaway, Dow Jones Newswires; 44-20-7842-9284; steve.mcgrath@dowjones.com
(END) Dow Jones Newswires
July 13, 2010 03:59 ET (07:59 GMT)
Of DOW JONES NEWSWIRES
LONDON (Dow Jones)--U.K. veterinary medicine supplier Animalcare Group PLC (ANCR.LN) Tuesday said it expects profits to be higher than market expectations for its last fiscal year after revenues rose 15%.
The company, which also manufactures and supplies livestock products such as identification ear tags and grooming products to agricultural retailers, said revenue in its Animalcare Ltd veterinary supplies business was approximately 20% ahead of the same period last year, helped by new launches such as the flavoured version of the generic heart drug Benazecare.
The board expects a number of new products to be launched in the coming financial year.
Revenues at its combined agricultural businesses -- Ritchey, Fearing International and Travik -- were about 9% ahead of the previous year, mainly due to the high sales of electronic sheep tags by Ritchey. Its fiscal year ended June 30.
It cautioned that trading at the agricultural division remains challenging. It said its review of the strategic direction of the unit has gone well and it expects to announce the outcome when it releases its preliminary results, due October 4.
-By Charlie Greenaway, Dow Jones Newswires; 44-20-7842-9284; steve.mcgrath@dowjones.com
(END) Dow Jones Newswires
July 13, 2010 03:59 ET (07:59 GMT)
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Anaemic results from Animalcare
Animalcare, a veterninary products group, has produced an anaemic set of full-year results with both turnover and profits below last year's levels.[4 Oct '12]
Small caps round-up: Autologic, Netcall, Animalcare ...
Also covered by this round-up are: Porvair, Oxford Pharmascience, Planet Payment, Hydro International, and International Greetings.[24 May '12]
Small caps round-up: Transense Tech, WH Ireland, Animalcare ...
Animalcare Group, a supplier of veterinary medicines, has said that its Project Quatto has received marketing authorisation from the Veterinary Medicines Directorate. The firm can now place the product on the market. The first sales are expected by the end of the current financial year.[23 Mar '12]
Sunday tips round-up: JPM Russia, Stadium, Cape...
JP Morgan Russian Securities is trading at a discount to its net asset value of 727.53p as of March 15. It holds at 13.3% stake in Sberbank of Russia, 9.4% of retailer Magnit and 6.9% of miner Norilsk Nickel. Its largest investments are in the consumer staples, minerals and financial sectors.[20 Mar '11]
Animalcare profit jumps 40%
Pet medicines supplier Animalcare has sold its non-core livestock products business and this has removed the seasonality of the group's revenues.[17 Feb '11]
New products fuel growth for Animalcare
Veterinary medicines supplier Animalcare says its core operations grew revenues by 10% in the six months to December 2010.[20 Jan '11]
Animalcare focuses on pets
Animalcare has completed the sale and closure of its livestock products businesses and it will focus on its pet treatments business from now on.[4 Oct '10]
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