June 21, 2021

Anpario updates on half year performance

Anpario plc has recently released an update statement at its annual general meeting.

According to the company's chief executive, Richard Edwards, Anpario "has delivered good sales and improved profit performance with sales at a similar level to last year."

"This was a very strong comparative period as customers had increased stock levels at the onset of the pandemic," Edwards commented further.

"Most regions are performing to plan with China experiencing a very strong performance, benefiting from last year's ban on antibiotic growth promoters in animal feed. Southeast Asia's performance is, however, weaker as countries imposed new lockdowns in response to increasing infection rates and, with less tourism which has reduced overall protein consumption."

Edwards added: "(Anpario's) Brexit contingency plans are working well, helping to reduce disruption and we now look forward to our efforts coming to fruition now supported by our European stockholding hub.

"We are encouraged by some recent business development successes including a large Brazilian poultry integrator using Orego-Stim and growth in Latin America for our aquaculture products, which are currently being launched in specific countries across Asia.

"Our exciting growth opportunities and strong balance sheet, which is reflected in our strong cash position, gives me confidence that the company will continue to develop and grow."

Anpario's interims for the six months period ending June 30 are expected to be announced on September 15.

- Anpario