Welcome to FIS   Sponsored By
United States
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
   


Benchmark obtained better results than expected in the year finishing on September 30.

Benchmark achieves higher than expected growth

Click on the flag for more information about United Kingdom UNITED KINGDOM
Friday, November 09, 2018, 02:50 (GMT + 9)

Benchmark achieved a significant growth and higher profits than expected in the year ended September 30 and the Group's Board expect the startegic projects being developed will drive its development and profitability in the future. 

LON: BMK Market Summary > Benchmark Holdings PLC (Photo: Google finance) ►

The Group reported that its profits increased by 7 per cent from the same period in 2017, to GBP 150 million and the adjusted EBITDA grew by 65 per cent, to GBP 16.5 million. This result was attributed to strong performance in Advanced Nutrition and Genetics driven by increased sales of their innovative products, and very encouraging progress in AquaHealth.

► Benchmark Holdings PLC annual close price 2013-2018 (Photo: benchmark PLC)

"We performed well during the year. We have delivered revenue and profit growth, while undertaking significant strategic projects that have enhanced our position in our key markets and provide a strengthened platform for the future,” stated Malcolm Pye, Chief Executive of Benchmark.

"This together with the continued progress in our pipeline and corporate structure leaves us well placed to address the significant opportunities in our markets, which have stronger drivers than ever before amid increasing recognition from consumers, producers and regulators of the need for sustainable aquaculture solutions," the executive added.

Representatives of the firm pointed out that in Advanced Nutrition, earnings growth was driven by sales of their premium specialist diets for shrimp and sea bass and sea bream.

In Genetics, their investment in developing disease resistant salmon eggs has translated into their continued market penetration and growth, with demand for their sea lice resistant eggs outstripping supply.

“Our recently completed Salten facility is designed to address this demand and allow for further growth,” it was stressed in the Group’s statement.

In Health, the Group achieved significant milestones towards the full commercial launch of Ectosan Cleantreatâ, their sea lice treatment.

Photo: benchmark PLC

From the company, it was explained that they have now conducted 14 very successful trials in Norway with three of the world's leading salmon producers showing 100 per cent efficacy and no environmental impact.

During the period, the Group concluded and progressed a number of strategic projects, among which the Group highlights a joint venture in Chile (with salmon producer AquaChile) and the start of salmon egg production in Salten facilities, Norway.
 


editorial@fis.com
www.fis.com


 Print


Click to know how to advertise in FIS
MORE NEWS
United States
Mar 27, 02:00 (GMT + 9):
Bumble Bee becomes first company to use blockchain platform for tuna tracking
Chile
Mar 27, 01:00 (GMT + 9):
Schedule to implement detailed discard act
Philippines
Mar 27, 00:50 (GMT + 9):
Environmentalists urge protection for Manila Bay after new sardine discovery
Russian Federation
Mar 26, 23:30 (GMT + 9):
Russian Aquaculture plans to build smolt production plant in Russia
Ghana
Mar 26, 23:30 (GMT + 9):
Aquaculture can contribute to meet domestic growing seafood demand
Mexico
Mar 26, 22:50 (GMT + 9):
Profeco asks tuna sector to report amount of soy added to its products
Chile
Mar 26, 22:20 (GMT + 9):
Judicial resolution stops private certification for artisanal fishermen
Argentina
Mar 26, 21:50 (GMT + 9):
Squid catches do not rebound
Costa Rica
Mar 26, 21:00 (GMT + 9):
Bill proposes to eliminate free permit for tuna fishing
Worldwide
Mar 26, 19:00 (GMT + 9):
Surimi processed products grow 12 per cent in value
United Kingdom
Mar 26, 09:00 (GMT + 9):
Tesco joins Ocean Disclosure Project
Namibia
Mar 26, 02:20 (GMT + 9):
Galicia helps Namibia to improve fisheries research
Japan
Mar 26, 00:20 (GMT + 9):
Environmental DNA contributes to locate endangered eels
Spain
Mar 26, 00:10 (GMT + 9):
Spaniards prefer fresh fish, bought in traditional fish markets
Argentina
Mar 25, 23:50 (GMT + 9):
San Arawa taken over by Norwegian company



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Initiative launched to strengthen fight against illegal traffic of totoaba
Mexico For the first time, the problems that have led to the marine porpoise being in danger of extinction will be addressed in a comprehensive way, taking into account its root causes and monitoring its distribution and population size.
Steeped in history: Insights into Japan’s coastal pole-and-line tuna fishery
Japan Adam Baske reports back from a visit to Kochi, where he met local one-by-one tuna champions and learned about the value of this historic fishery.
European Council grants UK Brexit extension period
European Union The European Union has agreed to extend the deadline for the United Kingdom to exit, which was going to be set for next Friday, March 29.
FAO and Iceland partner focusing on fisheries and 'blue growth'
United Nations The FAO and the Government of Iceland agreed to work closely together to facilitate the design and implementation of programmes supporting the long-term conservation of living marine ecosystems.
 
Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation -Wartsila Group Headquarter-
ITOCHU Corporation -Headquarter-
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
Blue Continent Products (Pty) Ltd - (Oceana Group Limited)
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Omega Protein Corporation
Marona S.A.
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
Mitsubishi Corporation Marine Products Depts. D.Team
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart / Wal-Mart Stores, Inc. (Supermarket) -Headquarter-
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
INVE Group - Head Office
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
Morpol ASA - Group Headquarters
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2019 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER