8 March 2017 – final results
The international producer and distributor of natural feed additives for animal health and nutrition has announced its results for the year to 31 December and these have revealed that revenues rose by 4% to £24.3m (2015: £23.3m) with adjusted pre-tax profits increasing to £3.90m (2015: £3.62m). Adjusted earnings per share rose to 16.90p (2015: 15.72p) and the dividend for the year was raised by 10% to 5.5p (2015: 5.0p). Strong cash flow led to net funds at the year end of £11.1m (2015: 9.3m). Trading in the new financial year has started well, maintaining the momentum seen in the second half of 2016, and the strong balance sheet will provide the funds for future expansion either organically or by acquisition. The shares remain ATTRACTIVE.