News 192 views last update:6 Aug 2012

Kiotech International moves into profit

Kiotech International, manufacturer of high-performance natural feed for use in aquaculture and agriculture, has moved into profit for the first time since becoming a public company.

The Surrey, UK-based company announced sales of £2,806,470, (€ 4,004,412) resulting in maiden profit before tax of £251,602 (€ 358,974).

The results include a full six months contribution from agriculture feed additives company Agil, which was purchased in November 2006.

The company said Aquatice (a chemosensory stimulant for fish feed) registration is being pursued in China and Thailand following successful trials.

Kiotech is also undertaking trials in new species in the Far East and exploratory discussions are underway with major shrimp producers in Central and South America.

Commenting, Kiotech International Chairman, Richard Rose said: "I am delighted to report on the first profitable period for Kiotech since becoming a public company 10 years ago. Kiotech has made good progress with its aquaculture development programme and bedding in the Agil acquisition."

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