Business
Trading Update & Notice of Interim Results
Trading Update & Notice of Interim Results.
About this update from Animalcare Group Plc
[{"type":"text","content":"\n \nRNS Number : 3724M Animalcare Group PLC 20 January 2016 \n\n \nAnimalcare Group plc\n(\"Animalcare\" or the \"Group\")\n \nTrading Update & Notice of Interim Results\n \nAnimalcare (AIM: ANCR), a leading supplier of veterinary medicines, provides the following trading update for the six months ended 31st December 2015, in advance of releasing its interim results on Wednesday 10th February 2016.\n \nTrading Update\n \nThe Board is pleased to report good progress during the Period, achieving top line growth during a phase of significantly increased investment to deliver our strategy.\n \nRevenues across the Group were up by 2.7% to £7.11m (2014: £6.93m).\n \nRevenue from sales of Licensed Veterinary Medicines was up 4.2% to £4.58m (2014: £4.40m). This increase has been delivered despite the impact of the prior period £0.2m non-recurring first half benefit from sales of Buprecare as a result of competitor supply issues, therefore reflecting strong sales growth of products launched in the second half of the previous financial year. \n \nThe companion animal microchipping market has become significantly more competitive ahead of compulsory microchipping in England, Wales and Scotland in April 2016. Sales in the Companion Anim...