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LONDON (Alliance News) - Anpario PLC Wednesday reported a 12% increase in revenues and increased its profits in 2013, driven by strong sales growth for its international brands.
The producer and distributor of natural feed additives for animal health, hygiene and nutrition, raised its final dividend by 17% for the 2013, to 3.5 pence per share.
For the year ended December 31, 2013, Anpario reported a pretax profit of GBP2.9 million, up from GBP1.5 million in 2012, driven by a 12% increase in revenues to GBP26.3 million, up from GBP23.5 million the prior year, which it said was boosted by significant revenue growth in Brazil and China.
During the year, the group continued to develop its subsidiary in China, as well as formed a subsidiary in Brazil. The group also recently opened a US operation after discovering strong interest in its products there.
Brazil and the US, together with China, said the company, are "the three largest pig and poultry producing countries in the world, accounting for more than half world output," the firm said.
Anpario said the current year has started well, and in line with management expectations, and gave a positive outlook for the year ahead.
"The outlook for global agricultural markets presents exciting opportunities and Anpario is well placed to maintain its strong growth record. We look forward with confidence, as the company benefits from the natural ingredients in its products and their increasing importance and acceptance in world markets," said Chairman Richard Rose in a statement.
Anpario shares were trading 1% higher at 265.00 pence per share Wednesday morning.
By Rowena Harris-Doughty; rowenaharrisdoughty@alliancenews.com; @rharrisdoughty
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