Anpario boosted after first-half performance

The price of shares in AIM-listed animal feed additives firm Anpario (LON:ANP) increased by 9.60% to 427.44p (as of 15:35 BST) after reporting a 13% improvement in revenues for the half year ended 30th June. Profits before tax for the period improved by 6% with improved performances in most areas outside the Middle East and Africa.

Chairman Peter Lawrence commented: “The Board is delighted with the strong sales and profit performance delivered in the first half of 2020. The period was extremely challenging as we faced the unprecedented impact of the Covid-19 (coronavirus) global pandemic. These results are a testament to the commitment, flexibility and supreme efforts of our team and the resilience of the company’s systems and operational procedures. In addition to our staff, the Board would like to thank all stakeholders including our customers and suppliers. The health and safety of our staff around the world is a priority and, as such, we envisage continuing most of our contingency measures for a further period.

“Looking forward, we will continue the on-line and direct marketing tactics that produced such a strong first half performance. Additionally, we will be able to build upon new business gained from those competitors unable to supply during lock-down. As a result, we remain confident of continuing the profitable development of the Group.

“Our strong balance sheet provides Anpario with the resources to expand our global reach and to undertake earnings enhancing and complementary acquisitions which may arise in these uncertain times“.