February 16, 2009
Phibro Animal Health announces interim results ending 2008
Phibro Animal Health Corporation announced on Friday (Feb 13) its interim results for the six months ended December 31, 2008.
Phibro total sales of US$269 million increased US$33 million, or 14 percent, over the same period last year.
Animal health and nutrition sales of US$218 million increased US$25 million, or 13 percent, over last year.
Performance products sales of US$51 million increased US$8 million, or 19 percent, over last year.
Sales increased due to unit volume growth and the pass through of raw material cost increases.
Phibro chairman and president Jack C. Bendheim said the financial performance shows that their products provide a valuable economic return despite the difficult market conditions many customers are facing, and is pleased with the progress made.