Welcome to FIS   Sponsored By
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.
 


[email protected]
www.fis.com


 Print


Click to know how to advertise in FIS
MORE NEWS
Indonesia
Nov 14, 03:00 (GMT + 9):
SFP, Conservation International, and UCSB release new best practices for aquaculture management guide
Viet Nam
Nov 14, 02:50 (GMT + 9):
Good prospects forecast for shrimp exports to the EU
Honduras
Nov 14, 02:40 (GMT + 9):
Mexico reopens its market to Honduran shrimp
Canada
Nov 14, 01:50 (GMT + 9):
Oceana accuses Govt of not meeting commitments to rebuild fisheries
Spain
Nov 14, 01:30 (GMT + 9):
Galicia opens spider crab and brown crab season in two provinces
United States
Nov 14, 00:30 (GMT + 9):
AquaBounty signs deal with R&D firm to produce sterile fish
Spain
Nov 13, 23:50 (GMT + 9):
Govt hopes quota reductions proposed by EC will be modified
Norway
Nov 13, 23:50 (GMT + 9):
Marine Harvest launches brand strategy and name change
Mexico
Nov 13, 23:10 (GMT + 9):
Sinaloa farmers receive USD 3.3 million in aid for shrimp larvae purchase
United Kingdom
Nov 13, 23:00 (GMT + 9):
Scottish Sea Farms to receive GBP 1.28m to support innovation projects
Argentina
Nov 13, 21:30 (GMT + 9):
First wreckfish spawning achieved in captivity
Kenya
Nov 13, 20:20 (GMT + 9):
IN BRIEF - Cage aquaculture offers fresh hope to marine fish farmers
Canada
Nov 13, 20:20 (GMT + 9):
IN BRIEF - Fish's brain size influenced by habitat
United States
Nov 13, 20:00 (GMT + 9):
IN BRIEF - U.S. Shrimp industry targets farm-raised imports during World Antibiotic Awareness Week
United States
Nov 13, 20:00 (GMT + 9):
IN BRIEF - Regulators to vote on keeping shrimp fishery shut



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Echebastar Indian Ocean purse seine skipjack fishery achieves MSC certification
United Kingdom The Echebastar Indian Ocean purse seine skipjack tuna fishery has achieved certification to the MSC Fisheries Standard.
Growing amount of infected herring landings seem worrying
Iceland A considerable amount of the herring catch landed in recent days was found to be infected and almost all of it will be incinerated.
Indonesian fishing vessel apprehended due to alleged illegal fishing activities
Australia An Indonesian fishing vessel and its crew of five men were apprehended off the coast of Western Australia, suspected of illegally fishing in Australian waters.
Piriou delivers new freezer longliner for toothfish capture
France Vietnamese shipyard Chantiers Piriou SARL has just delivered French fishing company Comata a new 62.8 m freezer longliner dedicated to toothfish fishing in the French southern seas.
 
Maruha Nichiro Corporation
Nichirei Corporation -Headquarter-
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. -Headquarter-
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 -Headquarter-
Marona S.A.
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 -Headquarter-
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 - 2018 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER