Monday, November 11, 2024

Animal health profits rise

Two companies that market animal health products to farmers made higher profits according to recent quarterly financial reports.

Elanco posted a profit of $364 million compared with a loss of $1.1 billion for the same quarter last year. Its revenues were up by one per cent to $1.03 billion.


Phibro’s second-quarter profit was $7 million compared with a loss of $8 million last year and sales increased by 13 per cent to $260.4 million.