Irish healthcare services company United Drug said today it expected to post double-digit percentage growth in operating profit and earnings for the year to end-September.
The company, which distributes drugs and medical equipment, said in a trading statement it had experienced good trading conditions and strong revenue growth in each of its four divisions during 2007.
The firm said a new agreement on drug prices in Ireland took effect in March, which it said "reduced growth in the market, in line with our expectations".
United Drug were up 5.3 per cent to 244 pence on the London stock market this morning - the company's biggest gain since January 2005.
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United Drug will post 2007 results on November 21st.