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Trading Statement

21st Nov 2013 15:01

RNS Number : 6570T
Plant Impact PLC
21 November 2013
 



Plant Impact plc

 

("Plant Impact" or the "Company")

 

Current Trading Q1 2014

Plant Impact has today announced its Unaudited Preliminary Results for the 16 month transitional financial period ended 31 July 2013. The Preliminary Results highlight the performance of the Company's European business and provide some detail on its progress toward several strategic objectives.

The change in year-end to 31 July was implemented to provide shareholders with discrete visibility of Northern Hemisphere business in the first half of the year and Southern Hemisphere businesses in the second half of the year, particularly as the Company progresses its development efforts in Brazil into the commercial phase.

The Directors are today pleased to report significant progress in trading in the Southern Hemisphere in the three months ended 31 October 2013. Turnover was £738,000 compared to £105,000 in the same three month period of 2012. The Company's operating loss in this quarter narrowed to £75,000 compared to nearly £400,000 in 2012.

John Brubaker, Plant Impact CEO commented, "These first year Southern Hemisphere results reflect three years of hard work by the Company to develop and field test novel crop enhancement products for Brazilian growers of soybeans, dry beans and fruits and vegetables. Through our partnerships with leading agrochemical partners, we are beginning to see commercial traction for our products Veritas and Meliora. This is a strong foundation for our future growth in the world's fastest growing agricultural market."

 

 

For more information please contact:

 

 

Plant Impact plc

 

David Jones, Chairman

John Brubaker, Chief Executive Officer

 

 

 

Tel: +44 (0) 1582 465 540

 

 

 

 

 

 

WH Ireland Limited - Nominated Adviser and Broker

 

Dan Bate

 

Tel: +44 (0) 161 832 2174

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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