Genus on track

5th Jul 2010 07:47

Genus, the animal breeding specialist, reports trading has continued to improve in the second half aided by beneficial exchange rate movements.Genus "remains on course to deliver an improved underlying performance in the second half of the year. In addition, there has been a benefit from exchange rate movements on the reported results", it said. There will also be a small non-cash exceptional gain resulting from the closure to future accrual of defined benefit pensions in the Milk Pension Fund, it added.