Business
Pre-Close Trading Update
Pre-Close Trading Update.
About this update from Genus Plc
[{"type":"text","content":"\n RNS Number : 3707V Genus PLC 09 July 2009 \n \nFor immediate release 9 July 2009\n\n\nGENUS plc\n('Genus' or 'the Company')\n\n\nPre-Close Trading Update\n\nGenus, a world leading animal genetics company, today provides the following update on trading for the six months to 30th June 2009.\n\nDespite tough short-term market conditions driven by the general economic slowdown, Genus continues to expect to report a strong increase in profits for the year to 30 June 2009, with the results benefiting from the international diversity of the Group's operations and the weakness of sterling.\n\nWhilst market conditions for Genus' customers have remained challenging, trading for Genus has been broadly in-line with the Board's expectations during the final quarter. The one exception was a further weakness in the North American dairy market caused by exceptionally low milk prices. Nevertheless, Genus continues to expect that adjusted profit before tax* for the full year will be in line with market expectations. \n\nFor further information contact:-\n\nGenus plc Tel: 01256 345970\nRichard Wood, Chief Executive\nJohn Worby, Finance Director\n\nBuchanan Communications Tel: 0207 466 5000\nCharles Ryland/Isabel Podda/Jennie Spivey\n\nThis announcement is available on the Genus website, www.genusplc.com\n\n\n*Adjusted Profit Before Tax represents profits before tax excluding non cash items relating to the fair value movement on ...