Trading Statement
30 June 2011 - 4:00PM
UK Regulatory
TIDMKIO
KIOTECH INTERNATIONAL PLC
("Kiotech" or "the Company")
Kiotech International plc, the international supplier of natural
high performance feed additives to enhance growth, health and
sustainability in agriculture and aquaculture, is holding its AGM
later today, at which Richard Rose, Chairman, will make the
following comments on the business.
"At the time of the Preliminary Announcement in April I
commented that we had made a solid start to the year. I am pleased
to report that this has been maintained and that we are performing
in line with market expectations. Profitability is running well
ahead of the same period last year reflecting the full benefits of
the integration of Optivite. The Agil export administration
function has been transferred to Manton Wood and we have now closed
the Aldermaston office, which will either be sold or let in due
course.
Our Chinese subsidiary has had some recent success with sales of
Genex®, a performance enhancing acid and essential oil combination,
to a number of the leading feed mills. New products have been
launched across both trading brands and we are encouraged by the
progress being made in Brazil following a visit to the Manton Wood
plant by our distributor."
For more information, please contact:
Kiotech International plc
Richard Edwards, Executive Vice-Chairman +44 (0)777 641 7129
Karen Prior, Group Finance Director +44 (0)1909 537380
FinnCap +44 (0)20 7600 1658
Matthew Robinson / Henrik Persson - Corporate Finance
Stephen Norcross - Corporate Broking
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