25 Feb 2015

Ebos lifts first-half net profit

1:43 pm on 25 February 2015

Ebos has lifted its first-half net profit more than 9 percent, fuelled by both organic growth and acquisitions.

The company said both its healthcare distribution and animal care divisions grew, lifting net profit to nearly $54 million for the six months ended December, compared with the same period a year earlier.

Patrick Davies

Patrick Davies Photo: Supplied

Excluding the impact of the strength of the New Zealand dollar against its Australian counterpart, the result would have been 11.5 percent higher.

Nearly 80 percent of Ebos' $3.1 billion in revenue came from its Australian operations and the chief executive, Patrick Davies, said the high currency shaved $2.2 million off its operating profit.

Nevertheless, operating profit from its Australian healthcare business rose more than 10 percent compared with the overall 8 percent increase for the total healthcare division.

The animal care division lifted operating profit more than 7 percent with the Vitapet brand now contributing 35 percent of retail sales.

Ebos is focusing on developing its own animal care brands and bought the Blackhawk business in November last year.

Mr Davies said the second-half result should be about the same as the first half, excluding currency movements.

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