Swedencare AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 25, 2023 at 01:30 am EDT
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Swedencare AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SEK 602 million compared to SEK 483.5 million a year ago. Revenue was SEK 611.7 million compared to SEK 488.1 million a year ago. Net income was SEK 38.1 million compared to SEK 3.8 million a year ago. Basic earnings per share from continuing operations was SEK 0.24 compared to SEK 0.02 a year ago. Diluted earnings per share from continuing operations was SEK 0.24 compared to SEK 0.02 a year ago.
For the nine months, sales was SEK 1,697.3 million compared to SEK 1,332.1 million a year ago. Revenue was SEK 1,709.1 million compared to SEK 1,344.2 million a year ago. Net income was SEK 71.6 million compared to SEK 78.7 million a year ago. Basic earnings per share from continuing operations was SEK 0.45 compared to SEK 0.51 a year ago. Diluted earnings per share from continuing operations was SEK 0.45 compared to SEK 0.51 a year ago.
Swedencare publ AB is a Sweden-based company, which is mainly involved in the veterinary supplies industry. The Company operates as a provider of various products for animal health, distributed to veterinarians, pet stores and pharmacies. It operates through four subsidiaries, namely SDC Distribution for Scandinavian countries, Buccosante located in France, Informpet in the United Kingdom and SwedencareUSA in the United States. The Company's product portfolio includes ProDen product family, which consists of ProDen PlaqueOff Teeth and Gums, ProDen PlaqueOff Powder, ProDen PlaqueOff Powder Cat and ProDen PlaqueOff Dental Bites, among others. The products are available at veterinary clinics, pet retailers, pharmacies, health stores and dentist practices.