Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksEco Animal Share News (EAH)

Share Price Information for Eco Animal (EAH)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 84.50
Bid: 83.00
Ask: 86.00
Change: 0.50 (0.60%)
Spread: 3.00 (3.614%)
Open: 84.00
High: 85.50
Low: 84.00
Prev. Close: 84.00
EAH Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

ECO Animal Health Group Profit Rises As Sales Improve Worldwide

Fri, 03rd Jul 2015 07:29

LONDON (Alliance News) - ECO Animal Health Group PLC Friday said its pretax profit rose in the last financial year as revenue experienced a lift after sales improved in all of its geographical areas despite its results being impacted by local currencies.

The company, which focuses on the development, registration and marketing of pharmaceutical products for global animal health markets, reported a GBP5.1 million pretax profit for the year ended March 31, rising 38% from the GBP3.7 million profit made a year earlier.

The rise in profit came after revenue increased to GBP39 million from GBP31.9 million, partially offset by administrative expenses rising to GBP12.4 million from GBP10.5 million.

ECO Animal Health raised its total dividend for the year by 13% to 4.75 pence from 4.2 pence, reflecting "the board?s continued confidence in the growth prospects for the company," it said.

The company's main focus is on the intellectual property inherent in Aivlosin, its patented molecule. Aivlosin is used for the treatment of economically important diseases of pigs and poultry and is prescribed under strict veterinary control at low but efficacious dose rates for short durations.

Marketing authorisations have now been obtained in nearly all the major markets for pigs and poultry and ECO Animal Health said it would continue to build stock levels to service the anticipated growth in sales as our global business expands.

"Sales of Aivlosin in North America, a region that accounts for more than one third of Aivlosin?s potential world market, trebled in the year under review. We are well positioned to build on our excellent start in this important market," said the company.

The company added that sales in China were up 8% year-on-year in sterling terms, or 10% in local currency and its sales in Kuala Lumpur were also performing "extremely well", up over 80%.

"We are confident that, with renewed focus and greater technical, sales and marketing support, the (South East Asia) region will have a very positive commercial impact on future results," it said.

The company also said there was "significant upturn" in its business in Mexico and Brazil, but said ongoing political uncertainty in Argentina and Venezuela continues to impact local currencies.

In Japan, Eco Animal Health said the ongoing weakness of the yen affected results despite sales increasing whilst Europe, including the UK, saw sales rise 19%.

The company recently announced approvals for both Aivlosin and Ecomectin products in the United Arab Emirates. These marketing authorisations should lead to the granting of further licences in the Gulf Cooperation Council, where the UAE is a key member and, in particular, in the Kingdom of Saudi Arabia which is a "very important poultry market", it said.

"The current year has started well with major markets maintaining their rate of growth with particularly good demand from customers in the US and Canada. The strength of sterling may remain an issue, but it will not divert the company from its objective of developing a global business," said Chairman Peter Lawrence.

ECO Animal Health shares were up 1.7% to 305.00 pence per share on Friday morning.

By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance

Copyright 2015 Alliance News Limited. All Rights Reserved.

More News
21 Mar 2024 19:05

EARNINGS AND TRADING: Getech confident; Aukett Swanke makes buy

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
12 Mar 2024 14:30

UK shareholder meetings calendar - next 7 days

Wednesday 13 March 
abrdn China Investment Co LtdGM re liquidation
Safestore Holdings PLCAGM
Wincanton PLCGM re takeover by CEVA Logistics
Thursday 14 March 
Angus Energy PLCGM
Bank of Georgia Group PLCGM re acquisition of Ameriabank CJSC
Blackrock Sustainable American Income Trust PLCAGM
Friday 15 March 
BlackRock Energy & Resources Income Trust PLCAGM
Chrysalis Investments LtdAGM
Quantum Exponential Group PLCGM re delisting from AQSE
TruSpine Technologies PLCAGM (adjourned 2022)
United Oil & Gas PLCGM re fundraise and share sub-division
Monday 18 March 
MGC Pharmaceuticals LtdGM re change of company name to Argent Biopharma
Schroder European Real Estate Investment Trust PLCAGM
Tuesday 19 March 
BlackRock Throgmorton Trust PLCAGM
Crest Nicholson Holdings PLCAGM
Eco Animal Health Group PLCGM re share buybacks
Gresham House Renewable Energy VCT 1 PLCAGM
Gresham House Renewable Energy VCT 2 PLCAGM
Nuformix PLCAGM
Scirocco Energy PLCGM re requisitioned resolution to implement cash strategy
Various Eateries PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
6 Feb 2024 10:25

ECO Animal Health gets Ecovaxxin vaccines trademark approval in EU

(Alliance News) - ECO Animal Health Group PLC on Tuesday said the EU has approved a trademark for the company's branding for the family of vaccine products Ecovaxxin.

Read more
8 Jan 2024 16:19

Eco Animal Health offloads freehold properties

(Sharecast News) - Eco Animal Health announced the sale of its freehold properties on Monday, signalling a strategic shift in its asset management.

Read more
8 Jan 2024 11:25

IN BRIEF: Eco Animal Health sells properties for GBP1.1 million total

ECO Animal Health Group PLC - Surrey-based animal health pharmaceutical company - Announces completed sales of two freehold properties. Says it sold property in Mitcham, London to its long-term occupier, an education charity, for GBP227,000 net consideration. Also says that on Friday it completed the sale of its former registered office in New Malden, Surrey for net consideration of GBP831,454. Has received total proceeds of GBP1.1 million after fees and expenses. Says it will use majority of proceeds to advance its growth aspirations. However, it also plans to use some of the cash for share purchases to "cover possible future vesting of employee share-based incentives including share options, long-term incentive plans and the deferred bonus scheme".

Read more
27 Nov 2023 16:51

CORRECT: ECO Animal Health swings to first half loss but revenue rises

(Correcting headline.)

Read more
27 Nov 2023 12:56

ECO Animal Health swings to second half loss but revenue rises

(Alliance News) - ECO Animal Health Group PLC on Monday said it swung to a loss on higher expenses in the first half but remains "cautiously" optimistic for the full year.

Read more
17 Nov 2023 09:55

LONDON BROKER RATINGS: Shore cuts Sage; Barclays raises NatWest

(Alliance News) - The following London-listed shares received analyst recommendations on Friday and Thursday.

Read more
24 Oct 2023 14:22

ECO Animal Health up on new US and Canada label claim for Aivlosin

(Alliance News) - ECO Animal Health Group PLC on Tuesday said it has received a new US and Canadian label claim indication for Aivlosin water soluble granules in pigs.

Read more
31 Aug 2023 15:51

UK shareholder meetings calendar - next 7 days

Friday 1 September 
Totally PLCAGM
Triple Point Income VCT PLCGM re voluntary liquidation
Monday 4 September 
Concurrent Technologies PLCGM re acquisition of Phillips Machine & Welding Co Inc
Tuesday 5 September 
Brickability Group PLCAGM
DS Smith PLCAGM
Iomart Group PLCAGM
Lookers PLCGM and court meeting re takeover by Global Auto
MGC Pharmaceuticals LtdGM re approval to issue SPP and shortfall options
Renold PLCAGM
Wednesday 6 September 
Alpha Financial Markets Consulting PLCAGM
Ashtead Group PLCAGM
Halfords Group PLCAGM
Mears Group PLCGM re cancellation of the share premium account
Omega Diagnostics Group PLCAGM
Severfield PLCAGM
Solid State PLCAGM
Taylor Maritime Investments LtdAGM
Yellow Cake PLCAGM
Thursday 7 September 
Chariot LtdAGM
Chaarat Gold Holdings LtdGM re sale of Chaarat Kapan
Currys PLCAGM
De La Rue PLCAGM
ECO Animal Health Group PLCAGM
Jet2 PLCAGM
LXI REIT PLCAGM
Mulberry Group PLCAGM
Powerhouse Energy Group PLCAGM
Semper Fortis Esports PLCAGM
Sivota PLCGM re directors' remuneration policy
Speedy Hire PLCAGM
Wise PLCAGM
XPS Pensions Group PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
10 Jul 2023 09:54

ECO Animal Health shares up on "strong" annual performance

(Alliance News) - ECO Animal Health Group PLC on Monday reported that its yearly profit and revenue rose, with Asian growth in the second-half being a driver.

Read more
24 Mar 2023 15:57

UK earnings, trading statements calendar - next 7 days

Monday 27 March 
Belvoir Group PLCFull Year Results
Carnival PLCTrading Statement
CentralNic Group PLCFull Year Results
Crimson Tide PLCFull Year Results
Dialight PLCFull Year Results
eEnergy Group PLCHalf Year Results
Equals Group PLCFull Year Results
Hyve Group PLCTrading Statement
IQGeo Group PLCFull Year Results
Life Science REIT PLCFull Year Results
RTC Group PLCFull Year Results
SigmaRoc PLCFull Year Results
Target Healthcare REIT PLCHalf Year Results
Tandem Group PLCFull Year Results
Thungela Resources LtdFull Year Results
Tortilla Mexican Grill PLCFull Year Results
Tuesday 28 March 
AG Barr PLCFull Year Results
Animalcare Group PLCFull Year Results
Bango PLCTrading Statement
Bellway PLCHalf Year Results
CPPGroup PLCFull Year Results
DigitalBox PLCFull Year Results
EKF Diagnostics Holdings PLCFull Year Results
Eleco PLCFull Year Results
Empresaria Group PLCFull Year Results
Flowtech Fluidpower PLCFull Year Results
Good Energy Group PLCFull Year Results
Impact Healthcare REIT PLCFull Year Results
John Wood Group PLCFull Year Results
Marlowe PLCTrading Statement
Mortgage Advice Bureau Holdings PLCFull Year Results
Nanoco Group PLCHalf Year Results
Ocado Group PLCTrading Statement
Personal Group Holdings PLCFull Year Results
Petershill Partners PLCFull Year Results
Real Estate Investors PLCFull Year Results
Regional REIT LtdFull Year Results
S&U PLCFull Year Results
Softcat PLCHalf Year Results
Synthomer PLCFull Year Results
Team17 Group PLCFull Year Results
United Utilities Group PLCTrading Statement
VH Global Sustainable Energy Opportunities PLCFull Year Results
Xaar PLCFull Year Results
Wednesday 29 March 
abrdn Smaller Companies Income Trust PLCFull Year Results
Artisanal Spirits Co PLCFull Year Results
Big Technologies PLCFull Year Results
Central Asia Metals PLCFull Year Results
Ecora Resources PLCFull Year Results
Essentra PLCFull Year Results
Inspired PLCFull Year Results
Medica Group PLCFull Year Results
Michelmersh Brick Holdings PLCFull Year Results
Next PLCFull Year Results
Octopus Renewable Infrastructure Trust PLCFull Year Results
RM PLCFull Year Results
S4 Capital PLCFull Year Results
Strix Group PLCFull Year Results
Surgical Innovations Group PLCFull Year Results
tinyBuild IncFull Year Results
UP Global Sourcing Holdings PLCHalf Year Results
Thursday 30 March 
AO World PLCTrading Statement
Aquis Exchange PLCFull Year Results
Arbuthnot Banking Group PLCFull Year Results
BBGI Global Infrastructure SAFull Year Results
Chesnara PLCFull Year Results
Ebiquity PLCFull Year Results
Gattaca PLCHalf Year Results
Gresham House PLCFull Year Results
IGas Energy PLCFull Year Results
Impellam Group PLCFull Year Results
International Public Partnerships LtdFull Year Results
Ithaca Energy PLCFull Year Results
Microlise Group PLCFull Year Results
Moonpig Group PLCTrading Statement
PetroTal CorpFull Year Results
Renalytix PLCHalf Year Results
Revolution Beauty Group PLCFull Year Results
Secure Trust Bank PLCFull Year Results
Supermarket Income REIT PLCHalf Year Results
XLMedia PLCFull Year Results
Friday 31 March 
Bank of Cyprus Holdings PLCFull Year Results
Computacenter PLCFull Year Results
Cooks Coffee Co LtdFull Year Results
Dignity PLCFull Year Results
ECO Animal Health Group PLCTrading Statement
HealthBeacon PLCFull Year Results
James Halstead PLCHalf Year Results
Jaywing PLCTrading Statement
JPMorgan American Investment Trust PLCFull Year Results
Numis Corp PLCTrading Statement
Mothercare PLCTrading Statement
Quarto Group IncFull Year Results
UK Oil & Gas PLCFull Year Results
Vanquis Banking Group PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

Read more
23 Mar 2023 15:48

Eco Animal Health set to beat full-year expectations

(Sharecast News) - Eco Animal Health announced on Thursday that it was now expecting to exceed market expectations for the financial year ending 31 March.

Read more
23 Mar 2023 11:50

IN BRIEF: ECO Animal Health jumps as performs ahead of expectations

ECO Animal Health Group PLC - Surrey-based animal health pharmaceutical company - Says it experienced "strong trading" in the final quarter of its financial year to March 31. Notes that the demand for Aivlosin has been "a little stronger" than expected in China and Asia. Aivlosin is an antibiotic used to treat infectious diseases in animals. Therefore, the company now expects revenue and earnings before interest, tax, depreciation and amortisation to be slightly ahead of market expectations for the current financial year.

Read more
23 Nov 2022 10:23

ECO Animal Health profit multiplies; predicts China sales recovery

(Alliance News) - ECO Animal Health Group PLC said on Wednesday its half year profit multiplied as a significant foreign exchange gain offset a fall in revenue, particularly in China.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.