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News and analysis on the global poultry
and animal feed industries.
on August 13, 2009

Kiotech posts higher sales, profits

Company credits performance to agriculture division success in overseas markets.

Kiotech International, the U.K.-based supplier of natural feed additives to the agriculture and aquaculture industries, reported a 29% rise in sales to GBP3,467,706 (US$5,762,223) in the first half of 2009 compared with GBP2,688,387 (US$4,467,243) during the same period last year, according to a news report.

The rise in sales was attributed to the firm's agriculture division delivering a strong performance in overseas markets, led by Bolivia, Chile and Mexico.

The firm's first-half profit before interest and tax reached GBP277,725 (US$461,491) compared with GBP174,139 (US$289,364) last year. Cash balance at the firm stood at GBP1.78 million (US$2.96 million) as against GBP1.39 million (US$2.31 million) last year.

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