Animalcare underlying profits rise

Animalcare Group posts first half underlying operating profits of £1.90m - 22.6% up on last time.

Revenues for the six months to the end of December were up 12% at £7.97m and underlying EBITDA rose by 26% to £2.12m.

The interim dividend of 2.0p per share is up 11.1%.

Chairman James Lambert said: "The business continued to perform strongly during the first six months of its financial year with sales up by 12% to £8.0m."

he said that given the strong start to the current financial year, and the expected launch of more new pharmaceutical products in the second half, the board remained confident about the group's prospects for the full year and beyond.