Vet supplier is confident as sales increase
ANIMAL medicine firm Dechra has reported a rise in third-quarter sales.
Dechra, which employs around 450 people at its National Veterinary Services (NVS) division in Talke, said revenue for the three months to March 31 was up 9.9 per cent compared to the same period last year.
Revenue for the nine months to March 31 was 9.3 per cent ahead of the same period the year before.
At NVS, sales rose by eight per cent during the third quarter and 7.6 per cent in the nine months to March 31.
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In February, Dechra posted half-year sales of £209.5 million for the six months to December 31, up nine per cent from £192.2 million in the same period in 2010.
Pre-tax profit dropped slightly, from £9 million to £8.9 million.
Sentinel Business reported last month that Dechra had agreed to buy Eurovet Animal Health for £112.5 million to expand its presence in Europe and to help it break into new markets.
The deal is expected to be completed towards the end of May.
A spokesman said: "Current trading remains in line with the board's expectations and the directors remain confident that the group will continue to make good strategic progress throughout the remainder of the financial year."