Genus profit falls but revenue up
FTSE 250-quoted bull and pig semen specialist Genus yesterday reported a one per cent drop in pre-tax profits for the six months to 31 December and a four per cent decline in operating profit, due to acquisitions and investments in China. Genus warned that it faces near-term headwinds from the strengthening of sterling and a new virus in the North American porcine industry. Revenue increased by nine per cent to £181.7m.