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Plant Health Information
Share Price Information for Plant Health (PHC)
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Share Price:
7.00
Bid:
6.75
Ask:
7.20
Change:
0.675 (10.67%)
Spread:
0.45 (6.667%)
Open:
6.70
High:
7.20
Low:
6.70
Prev. Close:
6.325
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Don't have an account? Click here to register.Plant Health Care revenues grow on strong US trading
Tue, 29th Jan 2019 08:26
(Sharecast News) - Plant Health Care on Tuesday reported full-year revenue growth, though strong performances in the Americas were largely offset by reduced sales in Europe and Africa.For the year ended 31 December, the supplier of biological products to the agriculture industry said its revenue came in at $8.0m, up by 7% on the previous year on a constant currency basis, as US sales increased by 32% to $2.1m, Mexican sales increased by 10% and Brazilian sales jumped from zero to $1.1m.The AIM traded company also reported that gross margin had improved to 65%, from 62%, and said strong US sales were driven by the release of a new corn product, which made up $1.6m of sales in the country, while a new soy product also launched in the US earlier in January.Chris Richards, interim chief executive of Plant Health Care, said: "Sales of our new soy product, which we had expected our channel partner to launch before the end of 2018, have now started on a modest scale, as our partner introduces the product to the market. We expect sales to be comparable to the corn product, over time."Meanwhile, sales in Europe and Africa dropped by 62% amid a slower draw-down of in-market inventory in South Africa due to drought.Cash and cash equivalents at 31 December were $4.3m, up from $3.9m at the same point a year before, with a delayed US product launch increasing inventory by around $0.5m and the company stating that year-end cash reserves remained sufficient to take it to cash positive in 2020, as commercial income grows.Plant Health Care's shares were up 0.67% at 7.55p at 1153 GMT.
More News
10 Apr 2019 12:59
Plant Health Care climbs after Americas propel revenue growth
(Sharecast News) - Plant Health Care's (PHC) shares gained on Wednesday as annual revenues increased despite "challenging conditions", although a jump marketing and administrative expenses led to a wider loss.
Read more10 Apr 2019 11:30
Plant Health Care Revenue Rises In 2018 On Improves Harpin Sales
LONDON (Alliance News) - Plant Health Care PLC on Wednesday said its loss widened in 2018, but revenue grew on strong performance in Americas.The biological products provider's pretax a
Read more29 Jan 2019 11:16
Plant Health Care Sees 2018 Revenue Growth On Strong Performance In US
LONDON (Alliance News) - Plant Health Care PLC on Tuesday said its revenue increase in 2018, driven by strong growth in the US, where the company is focused on new product launch.The stock
Read more21 Dec 2018 09:22
Plant Health Care expects revenues to be materially below forecasts
(Sharecast News) - Agricultural products provider Plant Health Care expects revenues from its current year to be "materially below" expectations despite an "encouraging" launch of its new Harpin AB protein.
Read more28 Nov 2018 13:15
Plant Health Care storms on three new PREtec evaluation deals
(Sharecast News) - Plant Health Care's shares jumped on Wednesday after it confirmed that three more agricultural and seed companies agreed to evaluate its PREtec crop improvement product candidates over three continents.
Read more28 Nov 2018 12:29
Plant Health Care Gets Three New Deals For PREtec Safety Evaluation
LONDON (Alliance News) - Plant Health Care PLC said Wednesday that three more agricultural companies have agreed to evaluate the safety of the firm's product PREtec on multiple in the company
Read more18 Sep 2018 12:37
Plant Health Care Interim Loss Widens As Administrative Costs Rise
LONDON (Alliance News) - Plant Health Care PLC on Tuesday reported a widened interim loss on higher administrative costs and a slight drop in revenue.The plant health and growth product its
Read more30 Jul 2018 11:01
Plant Health Care Considers Launching Protein Product Harpin In Coffee
LONDON (Alliance News) - Plant Health Care PLC said Monday it is planning to launch its protein product Harpin in coffee after successful results in Brazilian sugarcane.Shares in the of at
Read more30 May 2018 16:17
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Read more18 Jan 2017 15:07
Plant Health Care reports good global growth, though US disappoints
(ShareCast News) - Agricultural biological products provider Plant Health Care issued a post year-end trading update ahead of its audited full year financial results for the year ended 31 December, which is expected no later than the second week of April. The AIM-traded company reported revenue of a
Read more14 Sep 2016 10:37
Revenue shrinks and losses widen at Plant Health Care
(ShareCast News) - Patent-protected biological products provider Plant Health Care announced its interim results for the six months to 30 June on Wednesday, with revenue at $2.9m against $3.2m for the six months to 30 June 2015. The AIM-traded firm said excluding a one-time milestone payment in 2015
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