(Sharecast News) - Animal feed supplier Anpario said on Wednesday that it had continued to operate during the Covid-19 pandemic with "little disruption" in terms of production and delivery.
Anpario said its continuity plan, implemented in March, and increased inventories had enabled the company to meet increased demand from customers and its subsidiaries.
The AIM-listed group highlighted that its strong performance in the first quarter, a result of customers increasing stock levels and recent business development initiatives coming to fruition.
Anpario also said some new customers had been gained as they experienced disruption in deliveries from other suppliers.
"We see new opportunities to grow market share through remote sales calls, consistent customer service and our continued product development," said the group.
Elsewhere, Anpario said it has filed an international patent application for an invention following a combined and successful research programme with the University of Reading.
"This research demonstrated that Anpario has developed a natural essential oil composition that could reduce the presence of certain antimicrobial-resistant bacteria in the gut of young cattle."
As of 0915 BST, Anpario shares were up 2.78% at 370p.
Anpario (ANP)20 Mar 2024 11:16
Anpario confident despite fall in revenue, earnings
(Sharecast News) - Animal feed additives specialist Anpario reported revenue of £31m in its final results on Wednesday, down 6% year-on-year.
