26 January 2021 - trading update

The AIM-listed manufacturer of natural animal feed additives has provided a positive trading update for the year to 31 December 2020, confirming that revenues will be at least £30m, as expected, although pre-tax profits will be well ahead of expectations.  Previous forecasts were for profits of some £4.4m although these now seem likely to exceed £5.0m.  This would generate earnings per share of around 20p.    Year end cash balances were £15.8m compared with £13.8m a year earlier after spending £1m on a share buyback.  This is clearly excellent news . . .

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