Interim Results 2018
Profit growth driven by increased sales from higher margin products
Benchmark is pleased to announce its interim results for the six months ended 31 March 2018.
The fundamental drivers for Benchmark are stronger than ever before, with continued growth in aquaculture, and an increasing recognition from consumers, producers and regulators of the need for sustainable solutions to enable future growth.
The Interim Report for the period ended 31 March 2018 is available here.
Peter George, Chairman of Benchmark, commented:
“Having joined the Board in May, I have been impressed with Benchmark’s range of products, its scale and global distribution network, and its reputation and relationships in the industry. Put this together with the drive and energy of the management team and it is clearly well placed to take advantage of the strong growth fundamentals in its market.
“I look forward to helping to deliver shareholder value as we continue to develop the Group’s leading position in aquaculture.”
Genetics JV with AquaChile, the world's 6th largest salmon producer, announced post period end
Malcolm Pye, CEO of Benchmark, commented:
“The Group has delivered good organic revenue growth and improving profitability on an adjusted basis, while we continued to invest in our pipeline of new products and infrastructure.”
“The outlook for the Group is positive as the drivers for our business are stronger than ever before, with continued growth in aquaculture and increasing recognition from consumers, producers and regulators of the need for sustainable solutions to enable future growth.
“We also expect to benefit from the recently announced, strategically important Chilean JV.
“Overall, we remain on track to achieve our expectations for the current year, and are confident of Benchmark’s capacity to generate attractive returns in the years to come.”