Business
Pre-close Trading Statement
Pre-close Trading Statement.
About this update from Animalcare Group Plc
[{"type":"text","content":"\n RNS Number : 2227P Animalcare Group PLC 13 July 2010 \n \n\n \n\n \nAnimalcare Group plc\n \nPre-Close Trading Statement\n \nAnimalcare Group plc (\"the Group\" or \"Animalcare\"), a leading supplier of veterinary medicines and other products to the veterinary and agricultural markets, issues a pre-close trading statement ahead of the publication of its results for the year to 30 June 2010. \n \nGroup revenue for the year ended 30 June 2010 was approximately 15% more than the same period last year. As a result group earnings are expected to be slightly above market expectations.\n \nRevenue in the Animalcare Ltd veterinary supplies business was approximately 20% ahead of the same period last year following strong performances across the product range. The new product pipeline continues to deliver. The new flavoured version of generic heart drug Benazecare, launched in the first half of the year, is performing well and two more new products were launched late in the second half of the year. The Board expects a number of new products to be launched in the coming financial year.\n \nRevenue in the combined agriculture businesses of Ritchey, Fearing International and Travik was approximately 9% ahead of the same period last year due principally to a strong performance from Ritchey in respect of electronic sheep tags. Trading in this division remains challenging however and good progress has been made in reviewing the strategic direction for the future, the outcome of which we expect to announce at the time of the preliminary results.\n \nIt is anticipated that the announcement of preliminary results for the year ended 30 June 2010 will be made on 4 October 2010.\n \nEND\n \nFor further information:\n \n\n\n\n\nAnimalcare Group plc\n\n\n\n\n\n\n\nJames Lambert (Chairman) \n\n\n01677 428 103\n\n\n\n\nStephen Wildridge (Chief Executive)\n\n\n01904 487 601\n\n\n\n\n\n\n\n\n\n\n\n\nBrewin Dolphin (NOMAD) \n\n\n\n\n\n\n\nNeil Baldwin\n\n\n0845 213 4726\n\n\n\n\n\n\n\n\n\n\n\n\nWalbrook PR Ltd\n\n\n020 7933 8787\n\n\n\n\nPaul McManus\n\n\n07980 541 893\n\n\n\n\n\n\n\[email protected]\n\n\n\n\n &n...