Genus, the global animal genetics company, said its full year figures would be in line with expectations after a good performance over the last two months.
The company said pricing had remained firm, with adjusted operating profit improving in line with expectations despite increasing investment in research and growing its management teams.
Profits had improved strongly in Asia, particularly in Russia and China, and in Latin America, it said.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Going forward, the firm expects strong growth in emerging markets, particularly in China.
The group's businesses in North America also performed well due to cost controls and improved royalty income offsetting softness there.
Europe had performed broadly in line with the prior year, it added.
-
FTSE 100 hits record highs – why is it rising and will we see more gains?Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
-
How to invest in copperIt may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
