Eco Animal Health Group PLC (AIM:EAH) – terrific results and cash pile builds
The manufacturer and supplier of animal health products issued positive results for the year ending 31st March 2015 materially growing earnings and cash.This looks a great story.
ECO Animal Health Group is a leader in the development, registration and marketing of pharmaceutical products for animals.
Sales for the year increased 22% to £39.0m or 28% at constant exchange rates. Earnings before interest, tax, depreciation, amortisation, minority interests, share based payments and foreign exchange differences (EBITDA) rose 22% to £8.6m with the increase in EBITDA at constant exchange rates 35%. Clearly foreign exchange rates have had a big impact on the £Sterling…
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