Margins squeezed in Dechra's Services business

Veterinary pharmaceutical firm Dechra Pharmaceuticals saw a slight fall in interim pre-tax profits and a softening of gross margins in its Services division in the second half of 2011.

Veterinary pharmaceutical firm Dechra Pharmaceuticals saw a slight fall in interim pre-tax profits and a softening of gross margins in its Services division in the second half of 2011.

Profit before tax in the six months to December 31st 2011 dropped to £8.9m from £9m the year before, on revenues of £209.5m compared to £192m for the same period the previous year.

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