Eco Animal Health26 Nov 2021 13:33
Chairman Dr Andrew Jones said: "This set of results has clearly been impacted by the dramatic fall in the pig price in China which had a significant impact on the industry,we are excited to see the positive results of key technical trials in some of our vaccine developments providing us with confidence to continue our investment in these key projects. We look forward to providing more detail on some of our new product development initiatives in the coming months as well as anticipated approvals. The eirectors regard the situation in China as cyclical and one which is expected to reverse and as a result, we are confident and excited about the medium and longer term prospects for the business.However, the late Autumn and Winter period normally gives rise to an increase in demand for Aivlosin, caused by increased disease prevalence in colder months and greater pork consumption associated with Chinese national holidays and festivals. We expect this seasonal effect to feed through in improving revenue opportunities during the fourth quarter of our financial year