Eco slumps on flu and trade war fears

Eco slumps on flu and trade war fears

Broker Peel Hunt expected these numbers from Eco Animal Health (EAH) to “be taken well” – particularly against a difficult market backdrop – but investors clearly weren’t all that impressed. Instead, the recent outbreak of African Swine Flu in China and the threat of potential trade wars overshadowed strong sales of antibiotic product Aivlosin, pushing the shares down on results day. But, including a £400,000 currency exchange rate boost, pre-tax profits grew comfortably, while a decent level of cash generation – rising to £8.9m from £7.2m this time last year – made room for a special dividend worth 3.5p a share.

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