Last checked at 8 Feb 2011 07:20
Kiotech International plc, supplier of high performance natural feed additives to enhance health, growth and sustainability in global agriculture and aquaculture markets, is providing a performance update prior to entering its close period.
The group expects to report a very successful year, which has seen the integration benefits of the Optivite acquisition realised earlier than anticipated at the time of the acquisition in September 2009. Accordingly, the underlying profit before tax and the exceptional costs associated with the integration, is expected to be ahead of market forecasts.
The balance sheet remains strong and debt free with cash balances of £3.3 million at the year end.
The announcement of the results for the year to 31 December 2010 will be made in mid April 2011.
Richard Edwards, Chief Executive Officer, +44 (0)7776 417129
Karen Prior, Group Finance Director, +44 (0)1909 537380
FinnCap
Matthew Robinson / Henrik Persson - Corporate Finance
Stephen Norcross - Corporate Broking
+44 (0)20 7600 1658
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