Genus pretax up 28 pct as efficiencies offset feed prices up on ...
Feb. 26
(Thomson Financial) - UK-based animal genetics company Genus Plc reported first half pre-exceptional pretax profits up 28 pct to 13.9 mln stg compared with 10.9 mln last time as the company said cost cutting has reduced the impact of feed prices caused in a large part by US policy over biofuels. Sales were up 4 pct to 120.4 mln stg compared with 116.1 mln last time, and first half adjusted pre-exceptional EPS was up 21 pct to 16.5 pence/share compared with 13.6 pence last time. The company says it cut its net debt to 93 mln stg from 111 mln during the period through fundraising and cutting costs.
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Posted Under: BSD