Irish pharmaceutical wholesaler United Drug says its three divisions have made a good start to the financial year.
Chairman Martin Rafferty told shareholders at the company's AGM today that profits in the pharma wholesale and contract distribution outsourcing divisions were well ahead of last year. He added that the group's first investments in the contract sales outsourcing sector were performing ahead of expectations.
United's chief executive Liam Fitzgerald revealed today that the company has entered talks with a number of firms in Europe and the UK.
He said the firm's active search for acquisition targets in Europe was continuing, although he would not reveal the names of specific companies and said there would be no announcements at this stage.
The Dublin-based firm posted a 27% rise in pretax profits to 18.6 million euros for the year to end September 2000, and a 19% rise in turnover to 870.3 million euros.
