Anpario PLC - Nottinghamshire-based animal feed additive manufacturer - Issues trading update ahead of Tuesday’s annual general meeting. Expresses confidence in achieving market expectations for the full year. Reports a strong sales performance and corresponding improvement in profit in the first half of the year as the global agriculture market continues to improve. Acknowledges there are still challenges to navigate with both US and Australia markets weaker in the first half than the year before. All other regions delivered strong sales growth with notable performances from Asia Pacific, Middle East and Africa and South America. Says cash position has improved further since the year end, with a balance of £12.2 million at May 31. Anpario says this gives a strong financial position with which to continue to grow the business, both organically and through acquisitions, should the right opportunities arise.
Current stock price: 292.60 pence
12-month change: up 33%
Copyright 2024 Alliance News Ltd. All Rights Reserved.
