US lift for United Drug

HEALTHCARE services company United Drug has said it has made a very good start to the financial year.

It said all divisions are trading well and there has been particularly strong growth in its US business.

In a trading update, the company said that group revenues and profits for the three months to the end of December are ahead of last year and company expectations.

It noted continued strong cash flow generation and said that over 60pc of profits are being generated outside of Ireland.