Kiotech International PLC, a supplier of natural feed additives, has announced its preliminary financial results for 2008 in a company news release.
The company increased its sales to US$8 million (£5,428,169) and its cash balance increased by more than 12% to US$2.8 million (£1,867,592).
“The current year has started very well and I am excited by the potential of our recent product and market developments in both the agriculture and aquaculture markets,” said Kiotech chief executive Richard Edwards.
“The commencement of dividend payments is a measure of our confidence in the future prospects for the group.”
Profit improvement was achieved through action on raw material price increases in the agricultural division and sales of new gut acidifier product for pigs and poultry showed strong growth.