Genus Trading In Line With Board's Expectations

5th Jul 2010 07:22

LONDON (Dow Jones)--Genus PLC (GNS.LN), a global animal genetics company, said Monday, for the six months ended June 30, trading in the final two months of the financial year since the May 12 interim management statement has been in line with the board's expectations. MAIN FACTS: -Group remains on course to deliver an improved underlying performance in the second half of the year. -Benefit from exchange rate movements on the reported results. -Group also expects to report a small non-cash exceptional gain resulting from the closure to future accrual of defined benefit pensions in the Milk Pension Fund. -Shares on Friday closed at 733.5 pence, valuing the company at GBP437.7 million. -By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, [email protected] (END) Dow Jones Newswires July 05, 2010 02:22 ET (06:22 GMT)