September 19, 2016 / 4:51 PM / 2 years ago

Virbac cuts revenue forecast on U.S., Chile market conditions

Sept 19 (Reuters) - French veterinary pharmaceutical firm Virbac reported a jump in first-half earnings on Monday but trimmed its 2016 revenue growth forecasts due to difficulties in the United States and Chile, as well as a negative currency impact.

The company, which sells drugs for animals in more than 100 countries, is now aiming for organic revenue growth of 4.5-6.5 percent in 2016 compared with a previous target of 7 percent, it said in a statement.

The company’s adjusted current operating profit rose 44.8 percent to 39.7 million euros in the first half, helped by an improved performance by its U.S. subsidiary. (Reporting by Alan Charlish; editing by David Clarke)

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