Member Article

Sales growth at York vet suppliers Animalcare

York-based Animalcare plc has reported “solid” revenue increases of 6.3% to £12.9 million (2013: £12.1 million).

Profit before tax increased 14.7%, from £2.3 million to £2.67 million.

Animalcare is made up of three product groups: Licensed Veterinary Medicines, Companion Animal Identification and Animal Welfare products that are sold mainly through veterinary practices.

Iain Menneer, chief executive Officer of Animalcare, said: “These are a solid set of results which show good overall growth. It is pleasing that with our strong cash position we will be able to fund our investment programme while maintaining the dividend policy.

“Our investment in infrastructure and people, as well as our pipeline of enhanced generic products, provides a strong platform for a business that is already debt free and cash generative, and hence is well positioned for future growth.”

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