The recent outbreak of avian influenza in China may be hurting the poultry industry there, but it is having a minimal impact on the revenues for animal health company Zoetis.
Juan Ramon Alaix, chief executive officer of Zoetis, said during a April 30 conference call with shareholders that the poultry business in China only accounts for a small portion of the company's revenues. The swine sector accounts for a larger portion of revenues from China, he added.
"The poultry business is definitely a future growing opportunity, but that is really having a minimal impact in revenues," said Alaix. "Where we are concerned is how we can really provide support to our customers in China, and also how we can minimize the impact of the avian flu on many people in China."
Alaix, also during the conference call, reported revenues of $1.09 billion for the first quarter, an increase of 4 percent from the first quarter of 2012. A separate story on the company's quarterly financial report can be found on WATTAgNet.com.
Juan Ramon Alaix, chief executive officer of Zoetis, said during a April 30 conference call with shareholders that the poultry business in China only accounts for a small portion of the company's revenues. The swine sector accounts for a larger portion of revenues from China, he added.
"The poultry business is definitely a future growing opportunity, but that is really having a minimal impact in revenues," said Alaix. "Where we are concerned is how we can really provide support to our customers in China, and also how we can minimize the impact of the avian flu on many people in China."
Alaix, also during the conference call, reported revenues of $1.09 billion for the first quarter, an increase of 4 percent from the first quarter of 2012. A separate story on the company's quarterly financial report can be found on WATTAgNet.com.
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