AGM Trading Statement
Anpario, the international producer and distributor of natural feed additives for animal health, hygiene and nutrition in global agriculture markets, is holding its AGM later today, at which Richard Rose, Chairman, will make the following comments:
“The Group continues to make good progress developing the business and is on track to meet market profit expectations for the year to 31 December 2014.
The Group has experienced some effect from the strengthening of the pound against the dollar, which means that sales and gross profit, in sterling, are expected to be at a similar level to those achieved in last year’s strong first half performance. However, volumes are ahead of last year.
Strategic initiatives are being implemented in our key markets including Brazil, China and USA. Notably, initial sales for trial purposes have now been generated in the USA and further large scale customer trials are anticipated to start later in the year.
The Group’s cash position at 23 June 2014 is approximately £5.5m.
Interim results for the six month period ended 30 June 2014 will be announced on Wednesday 10 September. ”
|David Bullen, Chief Executive Officer +44 (0)791 955 2040|
|Karen Prior, Group Finance Director +44 (0)1909 537 380|
|Peel Hunt +44 (0)207 418 8900|