Health care and animal care products company Ebos Group posted a 12% increase in first-half profit, due to growth in both divisions and lower finance costs.
The company said it expects similar growth in the second half, which would make full-year earnings more than US$92 million.
The company will pay a first-half dividend of 22 cents per share, up 7.3% from a year earlier. Ebos shares rose 4.17% to $10 after the first-half results were released, which showed sales and earnings beat some estimates.
The company's animal care unit saw an 8% rise in revenue to $191 million and a 7.5% gain in earnings before interest and tax to $15 million.
Pet owners want a lot from their pet food brands. They want primary proteins that suit what they believe is best for their animal. They want grains or they don't. They want something customized, but it has to be easy to understand.
Constraints and crises, like those experienced in 2020, help drive innovation and sustainability offers context.