Business
Preliminary Results
Preliminary Results.
About this update from Eco Animal Health Group Plc
[{"type":"text","content":"\n RNS Number : 1669A Eco Animal Health Group PLC 30 July 2008 \n \nECO Animal Health Group plc \n(formerly Lawrence plc) \nPreliminary Results for the year ended 31 March 2008\n\nHIGHLIGHTS\n\n\n\nTurnover excluding discontinued operations up over 12 per cent at £16.5 million (2007: £14.7 million) \n\n\nProfit before interest, tax, depreciation and share based payments and other exceptional items was £2.24 million \n\n\nTotal dividend of 7.15 pence (net) per share (2007: 7.15 pence (net) per share) \n\n\nClosing cash at 31 March 2008 was £5.5m\n\n\nSuccessful fundraisings totalling £15.7 million (after expenses) from two share placings, principally with financial institutions, which has been used to further ECO's drug registration programme\n\n\nAivlosin®, ECO's patented macrolide antibiotic, increased its global revenues by almost 30 per cent compared with the previous year\n\n\nFurther important drug registrations granted for Aivlosin® and Ecomectin®\n\n\nCompany's shares now traded on PLUS Markets in addition to AIM\n\n\n\nPeter Lawrence, Executive Chairman of ECO Animal Health Group plc, commented:\n\n'Trading in the current year has started well and is in line with our expectations. I remain confident that ECO is increasingly well placed to establish itself as a major force in the animal health industry.'\n\nContacts:\n\nECO Animal Health Group plc \nPeter Lawrence 020 8336 6190\n\nSpiro Financial\nAnthony Spiro &...