Business
Interim Results
Interim Results.
About this update from Eco Animal Health Group Plc
[{"type":"text","content":"\n Eco Animal Health Group PLC\n17 December 2007\n\n17 December 2007\n\n ECO Animal Health Group plc\n\n Interim Results for the six months ended 30 September 2007 and placing\n\nKey features\n\n• 700,000 new shares placed with an institution at a premium to share price\n\n• Aivlosin sales (in US dollars) 34 per cent ahead of same period last year\n\n• Strong growth from new Chinese subsidiary\n\n• Scrip dividend alternative to be offered to all shareholders; a number of \n major shareholders have already indicated their intention to take new \n shares in lieu of the dividend\n\n• Aivlosin European approval process for poultry in final stages\n\n• Very encouraging results at reduced dose rate for ileitis in pigs with\n Aivlosin, leading to submission for label change in the EU next year\n\n• Group focused on veterinary pharmaceutical products\n\n• Further important drug registrations granted during period\n\n Peter Lawrence, Chairman of Eco Animal Health Group plc, commented:\n\n 'Much has happened to strengthen our animal health business so far this year\nand following the granting of the new drug registrations, since the period end,\ncurrent indications are that sales are likely to show a good increase in the\nsecond half of the year. I am particularly pleased with the projected low dose\nsubmission to the EU on Aivlosin as it, when granted, should lead to our\nexisting sales success being replicated in the major European markets'\n\nContacts:\n\nECO Animal Health Group plc Peter Lawrence 020 8336 6190\n\nSpiro Financial Anthony Spiro 020 8336 6196\n\nCharles Stanley Securities Philip Davies 020 7149 6224\n(Nominated Adviser)\n\n\nECO Animal Health Group is a leader in the development, registration and\nmarketing of pharmaceutical products. Our products for these global growth\nmarkets promote well being in animals. Our financial goals are achieved through\nthe careful and responsible application of science to generate value for our\nshareholders.\n\nECO Animal Health Group plc\n\n\n\nCHAIRMAN'S STATEMENT\n\n\n\nAt the Annual General Meeting of Lawrence plc in August 2007 shareholders passed\na resolution to change the Company's name to ECO Animal Health Group plc from\nLawrence plc. As a result of the strategic disposals, which were implemented\nover recent years, well over 90 per cent of sales are now attribu...