Plant Health Share News (PHC)

Plant Health Information

Buy PHC Shares
Add PHC to Watchlist
Add PHC to Alert

Share Price Information for Plant Health (PHC)

Share Price is delayed by 15 minutes

Get Live Data

Share Price: 5.75

Bid: 5.60

Ask: 5.90

Change: -0.075 (-1.29%)

Spread: 0.30 (5.357%)

Open: 5.825

High: 0.00

Low: 0.00

Prev. Close: 5.825

Last checked at -

Plant Health Care Revenue Down In 2019 But Loss Narrows On Lower Costs

Fri, 24th Apr 2020 12:04

(Alliance News) - Plant Health Care PLC on Friday said its loss narrowed in 2019, thanks to cost reductions.

The AIM-listed provider of novel patent-protected biological products reported pretax loss of USD3.8 million in 2019 compared to USD7.9 million a year earlier, as administrative expenses fell to USD1.8 million from USD5.6 million.

In addition, the company reduced its research & development expenses to UDS2.8 million from USD4.1 million a year ago.

Less positively, Plant Health Care said its revenue declined by 21% year-on-year to USD6.4 million from USD8.1 million. On a constant currency basis, revenue decreased by 18%.

The company highlighted that agriculture markets were hit in 2019 by the combination of low commodity prices and, especially in the US, severe weather and the trade war with China.

Looking ahead, Plant Health Care said the Covid-19 pandemic has so far had a limited impact on its business and it believes that the business is well-positioned to navigate through its impact, due to the strong balance sheet and net cash position of the company.

Plant Health Care shares were trading 7.1% lower in London on Friday at 5.83 pence each.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

More News

27 Jul 2012 10:20

Spuds-u-like Plant Health Care's Harpin

Plant Health Care's Harpin crop-productivity technology has been shown in tests to increase the marketable yield when used on potatoes. The company, which uses natural biological solutions to modify how plants grow, saw its share price enjoy its own growth spurt as it revealed that recent trials by

17 Apr 2012 15:59

XP Power director make double purchase

David Hempleman-Adams, a non-executive director of power controller manufacturer XP Power, has purchased two lots of shares less than a week after the firm cautioned over its revenues. The first purchase saw Hempleman-Adams, who joined the firm in 2008, snap up his first round of shares in the fir

12 Dec 2011 10:57

Plant Health Care sees positive test results

Plant Health Care, a producer of "naturally derived" agricultural products, says tests of its harpin seed treatment "delivers added yield over and above traditional insecticide/fungicide seed treatment combinations." The test results show the addition of Plant Health Care's harpin-based N-Hibit pro

17 Aug 2011 14:32

Deputy Chairman Whittaker increases stake to 20%

Billionaire property investor John Whittaker bought another round of shares in Capital Shopping Centres (CSC), bringing his total stake to more than 20%. Whittaker, who is deputy chairman and a non-executive director of CSC, purchased 306,500 shares of 50p each at an average price of 321.475p per

15 Aug 2011 09:17

Losses narrow at Plant Health Care

Fertiliser group, Plant Health Care, said it was looking to the future with "renewed optimism" after cutting losses in the first half of 2011. The firm posted operating losses of £3.74m for the six months to the end of June, compared to a £4.55m loss the year before. Loss before tax narrowed to $3.

27 Jul 2011 16:49

London close: Stocks slump after giving up rally

Stocks finished deep in the red, giving up an earlier rally, after a poor showing on Wall Street. Energy supplier Scottish & Southern Energy suffered after going ex-dividend. Meanwhile, sector peer Centrica also fell, albeit by a lesser extent, after utilities firm British Gas (owned by Centrica)

27 Jul 2011 13:38

Seed partnership boost for Plant Health Care

Shares in fertiliser group Plant Health Care shot up after it said it had signed an agreement for its plant growth compound Myconate to be sold alongside Dutch seed treatment group INCOTEC's seed treatment packages. No financial terms of the deal were disclosed. "This is an important breakthrough

26 May 2011 16:51

London close: FTSE 100 edges higher again

The FTSE 100's hesitant performance since Monday's dive has continued, with the top share index closing just a few points higher. Among the risers was Man Group whose adjusted profit before tax rose to $599m in the year to 31 March from $560m the year before, ahead of company guidance. Statutory pr

26 May 2011 15:26

Plant Health Care's sales shoot up

Trading in the first half to date at Plant Health Care has been in line with expectations, with the group seeing an uplift in sales of over 20% compared with the same period in 2010. The agricultural plant care, soil and water management products group said that this has been helped by strong perfo

26 May 2011 12:15

London midday: Stocks clinging on despite mixed updates

Stocks are holding onto their modest early morning gains, after a mixed reception for company updates. Among the risers is Man Group whose adjusted profit before tax rose to $599m in the year to 31 March from $560m the year before, ahead of company guidance. Statutory profit before tax tumbled to $

21 Feb 2011 08:27

Plant Health Care concentrates on IP

AIM-quoted Plant Health Care (PHC) has strengthened its balance sheet and increased its focus on the Harpin and Myconate natural plant growth products, where it owns the intellectual property. By partnering with the likes of Monsanto, Syngenta, Legacy Seeds and ABF-owned Germains Seed Technology,

10 Nov 2010 13:38

Small caps round-up: BATM, London Finance, Dominion Petroleum ...

Shares in BATM Advanced Communications surged Wednesday after the group said second half revenues will be some 14% ahead of the first, at $63m, in line with the group's full year revenue guidance of $119m. The telecoms firm also expects operating profit (excluding amortisation) of around $6m for th

26 Jul 2010 16:42

London close: US gives Footsie a lift

Sentiment improved after the US open following a sluggish start, helping Footsie close with modest gains. A bigger than expected rise in US house sales reassured investors over the state of the world economy. Banks Lloyds, Royal Bank of Scotland and Barclays were all strongly ahead after they sail

26 Jul 2010 16:00

UK SMALLCAP ROUNDUP: Intec Telecom In Early Offer Talks

Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps INTEC TELECOM SYSTEMS PLC (ITL.LN), a billing software company, Monday said it is in very early discussions that may or may not lead to an offer for the

26 Jul 2010 14:37

London afternoon: Pick-up at Penguin boosts Pearson

Leading shares remain mixed ahead of the deluge of big company announcements later in the week that includes oil giants BP, Shell and BG. Tullow Oil may be smaller than the aforementioned triumvirate but its shares are outperforming all of them and the rest of the Footsie constituents today after i

Latest Share Chat

Plant Health Share News (PHC)

Share Price Information for Plant Health (PHC)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Plant Health Care Revenue Down In 2019 But Loss Narrows On Lower Costs

Login to your account

Quickpicks are a member only feature

Login to your account