24th Feb 2006 07:01
Genus PLC24 February 2006 For Immediate Release 24 February 2006 GENUS plc Disposal of non-core business Genus plc ('Genus') the world's leading animal genetics company, is pleased toannounce that it has made further progress in line with its stated strategy todispose of non-core businesses. Genus has now completed, for a consideration of £1.02 million in cash, thedisposal of the small dental wholesaling business, which follows the divestmentof the veterinary wholesaling business, previously announced on 28th October2005. For the year ended 31st March 2005, dental wholesaling generated turnover of£2.9million and an operating profit of £0.04million and had net assets of £0.8million. FOR FURTHER INFORMATION: Genus plcRichard Wood, Chief Executive Tel: 01256 345971David Timmins, Group Finance Director Tel: 01256 345977 Buchanan CommunicationsCharles Ryland, Tel: 020 7466 5000Suzanne Brocks This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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