United Drug confident of boosting overseas profit

DIVERSIFIED Irish healthcare services group, United Drug is confident of boosting its overseas profit contribution to 80% over the next three years.

The Dublin-headquartered company, whose domestic business mainly concerns its core drug wholesale activity, told shareholders at its annual general meeting yesterday that group profits and revenues for its first quarter (the three months to the end of December) are ahead of last year and ahead of initial expectations.

Currently, 60% of UD’s group profits are generated outside of Ireland.