15th Feb 2024 14:35
Benchmark Holdings PLC - Worthing, England-based fish farming technology company - Swings to pretax loss of GBP7.2 million in the three months to December 31, its first financial quarter, from a profit of GBP553,000 a year prior. Revenue falls 26% to GBP40.5 million from GBP54.4 million. However, Benchmark highlights that revenue in Advanced Nutrition grew 13% when compared to last financial year's fourth quarter, to GBP19.3 million. Looking ahead, Benchmark says trading is in line with own expectations for the full financial year, helped "by good visibility of revenues in Genetics, continued good performance in Advanced Nutrition and streamlining of our infrastructure and operations in Health.
"Post period end the Genetics and Advanced Nutrition business areas are trading well, and actions are being taken to manage costs and cash in our Health business area through the period of transition to a new business model."
Current stock price: 43.98 pence, down 2.4% on Thursday afternoon in London
12-month change: up 17%
By Tom Budszus, Alliance News slot editor
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