Animalcare growth spurred by new products

ANIMALCARE said today that it has seen revenues increase and anticipates further growth on the back of new product launches.
 
The North Yorkshire firm, which specialises in the supply of veterinary medicines and animal identification products, said that for the year ended June 30, group revenue was around 15% more than the same period last year.
 
In a pre-close trading statement, the company reported that revenue in the Animalcare Ltd veterinary supplies business was around 20% ahead of the same period last year following strong performances across the product range.
 
The company said: “The new product pipeline continues to deliver. The new flavoured version of generic heart drug Benazecare, launched in the first half of the year, is performing well and two more new products were launched late in the second half of the year. The board expects a number of new products to be launched in the coming financial year.
 
“Revenue in the combined agriculture businesses of Ritchey, Fearing International and Travik was approximately 9% ahead of the same period last year due principally to a strong performance from Ritchey in respect of electronic sheep tags.

“Trading in this division remains challenging however and good progress has been made in reviewing the strategic direction for the future, the outcome of which we expect to announce at the time of the preliminary results.”