July 2, 2012
Anpario on track to achieve target profits
For this calendar year 2012, Anpario is seen on track to reaching its targeted profits, according to an official statement released.
The feed additives producer said it is continuing to achieve organic growth across its International and UK markets, despite continued uncertainty in the Europe and Middle East regions.
Anpario's balance sheet is strong with cash of GBP2.5 million (approximately EUR3.1 million or US$3.93 million) at June 25 2012.
Meriden Animal Health, the natural animal feed additive products supplier with worldwide operations, which was acquired in March, is doing well, with 2011 profits of GBP740,000 (EUR925,706 or US$1.17 million) on sales of GBP5.35 million (almost EUR6.7 million or US$8.48 million).
The acquisition enhanced Anpario's earnings and has increased its exposure to the lucrative Chinese market- the country accounts for more than a quarter of Meriden's sales
The company plans to report results for the first half to end-June on Wednesday. September 19.