Genus feeling fairly bullish

4th Jul 2011 07:12

Animal genetics company Genus is feeling bullish about its full-year results, as the markets in which it operates have remained generally favourable.Demand for Genus's genetics has been good, with the exception of porcine demand in Europe, which remained weak. Overall, trading has been in line with the board's expectations.As a result, the group expects to report a good performance for the year to 30 June 2011 with improved profits in line with market expectations and strong cash generation.The market is expecting full-year pre-tax profits of £37.6m on revenue of £307.2m. --jh