Animalcare (GB:ANCR) has released an update.
Animalcare Group PLC reported a positive half-year performance with a 5% revenue increase to £36.9m and expects EBITDA to be at least in line with the previous year’s £6.5m. The company’s financial position strengthened, with net cash balances rising to £32.9m, due to successful divestments and high cash conversion. Animalcare is leveraging this solid financial footing to explore growth through M&A, licensing, and partnerships, aiming for long-term shareholder value creation.
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