Business Weekly

Tuesday
May 13th
  • Login
  • Sign up
    Registration


    Fields marked with an asterisk (*) are required.
    Security Code: * This Field is required This Field IS visible on profile Information for: Security Code: : Enter Security Code from image
    Weekly digest
    Receive HTML?
    Name: * This Field is required This Field IS NOT visible on profile
    Username: * This Field is required This Field IS visible on profile Information for: Username: : Please enter a valid User Name. No spaces, more than 2 characters and contain 0-9,a-z,A-Z
    E-mail: * This Field is required This Field IS NOT visible on profile Information for: E-mail: : Please enter a valid e-mail address.
    Password: * This Field is required This Field IS NOT visible on profile Information for: Password: : Please enter a valid Password. No spaces, more than 6 characters and contain 0-9,a-z,A-Z
    Verify Password: * This Field is required This Field IS NOT visible on profile
    Company: * This Field is required This Field IS visible on profile
    Industry Sector: * This Field is required This Field IS visible on profile Information for: Industry Sector : Please choose one industry sector from the drop-down box.
    Address: This Field IS visible on profile
    City: This Field IS visible on profile
    Postal Code: This Field IS visible on profile
    Country: This Field IS visible on profile
    Phone #: This Field IS visible on profile
    Website: This Field IS visible on profile
    Keywords: This Field IS visible on profile Information for: Keywords : These keywords, describing your company, market sector or technology will enable other registered users of the website to make contact with you more easily. Separate each keyword with a comma.
     
    * This Field is required This Field is required | This Field IS visible on profile This Field IS visible on profile | This Field IS NOT visible on profile This Field IS NOT visible on profile | Information for: ? : Field description: Move mouse over icon Field description: Move mouse over icon
  • Search
Text size
  • Increase font size
  • Default font size
  • Decrease font size
HOME arrow Life Sciences arrow Online antibodies business is booming arrow Registration
Online antibodies business is booming
Written by Sam Fountain   
Monday, 10 March 2008
Image
Abcam's CEO, Jonathan Milner
Internet antibody retailer, Abcam has reported a 19 per cent increase in pre-tax profits for the first half of the year, with sales up by a third.

The Cambridge-based firm said that sales for the six months to December had grown by 38 per cent to £15.3m, beating gains it saw this time last year by five per cent, after it increased its product range by 44 per cent.

Abcam, which now markets 40,800 antibodies and counting via its own online catalogue, said that it had proposed a 30 per cent increase in its interim dividend for shareholders, taking the payment up to 1.04p per share.

"This has been an important half year for Abcam." said CEO,Jonathan Milner. "At this time last year we reported sales growth of 33.7 per cent, achieving 38.3 per cent growth this half year clearly demonstrates the  potential of the business and how we are continuing our commitment to profitable  growth and the delivery of healthy returns for our shareholders."

He said that demand for research antibodies continues to grow in all of the company's markets as does market penetration, adding that Abcam has been able to grow its catalogue significantly through increasing in-house production capacity and partnerships with trusted suppliers.

The company also said that investment in its high throughput production facility and £0.25m of costs associated with the bid made for the firm in the late summer of last year restricted the increase in profit before tax to £2.7m.

It said that gross margins for the period had fallen to 58.8 per cent from 59.4 per cent a year ago, and that it has slowed its planned acceleration of monoclonal antibodies output in order to ensure its ability to hit target production efficiencies.

Shares in the firm, which are hovering around their peak value of 372p, have dropped almost five per cent, falling 18p to 345p.
Trackback(0)
Comments (0)Add Comment

Write comment
This content has been locked. You can no longer post any comment.

busy
 
Like this story? Tag It:
DeliciousDelicious
DiggDigg
NewsVineNewsVine
RedditReddit
TechnoratiTechnorati
?
< Prev   Next >
[ Back ]

In this news category

Most Popular
146 seek new posts as UCB exits Cambridge 
Bird flu vaccine shows promise 
New technology 80 times more effective at detecting mad-cow disease in the food chain 
BIOTECH 2008 - MedImmune millions a tonic for Cambridge 
Back to the Fucshia as Fox backs plant bio 
Online antibodies business is booming 

Featured business directory listing


RMJM Architects,...
www.rmjm.com
Category: Architects

Site

REGISTER
RSS
BUSINESS WEEKLY EPAPER
ARCHIVE
SEARCH NEWS
BUSINESS BOOKSHOP
CONTACT US

Upcoming events

View Business Weekly's calendar

Email bulletin

Enter your email address:

Delivered by FeedBurner

Featured Blog

CandidCapital blogs
  • Of Budgets and White Papers

    The 2008 UK Budget may have been a modest affair, but published with it were two documents with probably greater implications for the long-term performance of the innovation sector in the UK.

    Many of you reading through the coverage of Alistair Darling’s first Budget, delivered on 12th March 2008, may have been reminded of Claud Cockburn’s famous (spoof?) entry for the prize of most dull but accurate headline: ‘Small Earthquake in Chile, Not Many Dead’.

    read more