Anpario, a feed additives producer, is well on its way to achieving targeted profits for the full year to December 31 2012, according to a statement released prior to the company's AGM.
The company said it is continuing to achieve organic growth across its International and UK markets, dispite continued uncertainity in the Europe and Middle East regions.
Anpario’s balance sheet is strong with cash of £2.5 million (approx €3.1 million) at June 25 2012.
Meriden Animal Health, the natural animal feed additive products supplier with worldwide operations, which was acquired in March, is doing well, with 2011 profits of £740,000 (€925,706) on sales of £5.35 million (almost €6.7 million).
The acquisition enhanced Anpario’s earnings and has increased its exposure to the lucrative Chinese market – the country accounts for more than a quarter of Meriden’s sales
The company plans to report results for the first half to end-June on Wednesday. September 19.