Tuesday May 6, 08:15 AM
United Drug eyes strong 2008
LONDON (ShareCast) - Irish healthcare group United Drug (Dublin: UN6A.IR - news) said it expected strong growth in 2008 as it posted
a rise in half year pre-tax profit.
Profit rose to €27.4m for the six months ended 31 March 2008 from just under €27m the year before. Sales for the period increased to €845m from €773m the year before."The weakness in the value of sterling relative to the euro will continue to adversely impact on the translation of profits but full-year profits and earnings are still expected to show strong growth over the 2007 results," it said in a statement An interim dividend of 2.23 cent per share has been recommended, up 13% over the 2007 interim dividend. The group added that it remain positive about the fundamentals of its key markets and will "continue to expand both organically and through acquisition to continue the development of United Drug."
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