2 February 2017 – trading update
Anpario delivered ‘strong and improved’ second half revenue and adjusted profit was in line with market expectation. A number of strategic initiatives including a new senior management structure and investment in new direct operations in key target markets has resulted in exceptional costs being incurred in the period. Further details will be set out as part of the final results announcement but crucially the balance sheet remains strong and debt free. Cash balances were £10.4m at the year end. BUY ahead of results for the year to 31 December 2016 being released on 8 March.