- Animalcare's underlying pre-tax profits rose 40% to £1.44m in the six months to the end of December.

Revenues rose 13% to £5.99m and underlying operating profits increased 33% to £1.49m.

Pre-tax profits increased 47% to £1.38m and operating profits were up 35% at £1.43m.

The firm had cash and cash equivalents of £1.43m - 14% up on last time.

Chairman James Lambert said: "The first six months of this financial year has seen the completion of the transformation of your business to a high margin focussed companion animal veterinary products business which is in a net cash position and will be debt free by 31 March 2011.

"The board believes that trading in the second half is in line with market expectations."

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