Feed additives producer Anpario (LON:ANP) said it is on track to meet its profit forecast for the full year to December 31 2012.
In a statement ahead of its AGM, the company said it is continuing to achieve organic growth across its International and UK markets in spite of ongoing turbulence in the Europe and Middle East regions.
Meriden Animal Health, the Bedfordshire-based natural animal feed additive products supplier with worldwide operations, which was acquired in March, is performing well.
Anpario’s balance sheet is strong with cash of £2.5 million at June 25 2012.
The company plans to report results for the first half to end-June on Wednesday. September 19.
The latest acquisition has 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.
Meriden made a £740,000 profit on sales of £5.35 million last year and will be run as a separate business.
Anpario manufactures and markets high performance natural feed additives for global agricultural and aquaculture markets.
Anpario on track to hit full-year profit targets
Published: 08:45 26 Jun 2012 BST