- Underlying operating profits at Animalcare Group, a leading supplier of veterinary medicines, rose by 4.4% to £2.8m in the year to the end of June.

Revenues were up 6.3% at £12.9m (2013: £12.1m) and underlying earnings before interest,tax, depreciation and amortisation rose by 8.4% to £3.2m.

Chief executive Iain Menneer said: "These are a solid set of results which show good overall growth. It is pleasing that with our strong cash position we will be able to fund our investment programme while maintaining the dividend policy.

"Our investment in infrastructure and people, as well as our pipeline of enhanced generic products, provides a strong platform for a business that is already debt free and cash generative, and hence is well positioned for future growth."

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