LONDON (Alliance News) - Anpario PLC Tuesday said it is on track to meet its profit expectations in 2016, although revenue for its first half will fall below the previous year due to "geopolitical events and distributor specific trading".
The producer and distributor of natural feed additives said in a statement ahead of its annual general meeting that sales volumes in May and June have seen an improvement, and its overall margins remain strong.
"The board believes the positive momentum will gather pace in the second half," said Chairman Richard Rose in a statement.
Anpario will report its results for the first half of 2016 September 14.
Shares in Anpario were down 7.2% at 225.00 pence.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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Anpario (ANP)