It’s a good time to be in animal health. Humans remain willing to spend money on their pets, while rising populations have increased demands on farmers – never before has so much money been spent on animal medicines.
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Dechra (DPH) is one of the many companies enjoying the ride. Its shares rose almost 75 per cent in the year to June 2018 – a period that saw revenues increase by 14 per cent, while pre-tax profits are expected to be up 19 per cent. Recent acquisitions in Europe and North America have been a big boost to sales, while organic revenues continue to tick gradually upwards.
