26 June 2012 – interim results

The group has published solid first half results for the six months to 31 March with revenues rising by 18% to £193.4m (2011: £164.6m) and pre-tax profits increasing by 14% to £4.52m (2012: £3.97m).  Earnings per share were also 14% ahead at 20.34p (2011: 17.91p) and the interim dividend was raised by 10% to 2.85p (2011: 2.60p).  There was strong growth at the agricultural business with the specialist retailing activities also doing well and a new Just For Pets store was opened in February, taking the portfolio to 20 outlets.  With further growth expected during the rest of the year the shares remain ATTRACTIVE.