Positive statement from United Drug
United Drug has issued a positive trading statement covering the start of its financial year.
The company said group revenues and profits for the last three months of 2011 were ahead of the previous year, with much of the growth coming from its international operations.
Its interests outside Ireland contributed almost 70% of group profits in the quarter. In addition, the group said in its statement that cash generation for the period was ahead of forecasts.
"The group expects adjusted diluted earnings per share for the year to September 30, 2012 to be between 4% and 8% ahead of last year," the United Drug statements says.
