Kiotech International moves into profit

26-09-2007 | |

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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