Last checked at 30 Jun 2011 07:00
| KIOTECH INTERNATIONAL PLC |
| ("Kiotech" or "the Company") |
Kiotech International plc, the international supplier of natural high performance feed additives to enhance growth, health and sustainability in agriculture and aquaculture, is holding its AGM later today, at which Richard Rose, Chairman, will make the following comments on the business.
"At the time of the Preliminary Announcement in April I commented that we had made a solid start to the year. I am pleased to report that this has been maintained and that we are performing in line with market expectations. Profitability is running well ahead of the same period last year reflecting the full benefits of the integration of Optivite. The Agil export administration function has been transferred to Manton Wood and we have now closed the Aldermaston office, which will either be sold or let in due course.
Our Chinese subsidiary has had some recent success with sales of Genex®, a performance enhancing acid and essential oil combination, to a number of the leading feed mills. New products have been launched across both trading brands and we are encouraged by the progress being made in Brazil following a visit to the Manton Wood plant by our distributor."
| For more information, please contact: | ||
| Kiotech International plc | ||
| Richard Edwards, Executive Vice-Chairman | +44 (0)777 641 7129 | |
| Karen Prior, Group Finance Director | +44 (0)1909 537380 | |
| FinnCap | +44 (0)20 7600 1658 | |
| Matthew Robinson / Henrik Persson - Corporate Finance | ||
| Stephen Norcross - Corporate Broking |
Copyright Business Wire 2011