Member Article

York’s Animalcare reports steady growth

York-based Animalcare, a veterinary sales and marketing company have reported that revenue for the first half of the year increased by 5.9% to approximately £6.5m (2012: £6.1m).

According to the company, the UK licensed veterinary medicines market has shown single digit growth in recent months.

Operating cash flows were in line with management expectations.

Cash balances at 31st December 2013 were £3.6m compared to £3.7m at 30th June 2013 and £3.0m at 31st December 2012.

In a statement released this morning Animalcare said: 2We expect Animalcare’s strong cash position to fund the significant new product development investment identified in the strategic plan.

“The Board is pleased with the solid first half performance and remains confident about the prospects and outcome for the full year.”

This was posted in Bdaily's Members' News section by Clare Burnett .