UK's Anpario hits over 2-month low on weaker profit forecast
09/01/2023 13:34
** Shares of Anpario Plc ANP.L slide as much as 15.4% to
402p, their lowest since Nov. 8
** The UK-based maker of natural animal feed additives sees
annual adjusted core profit to be at least 5 mln pounds ($6.1
mln), about 29% lower year-over-year
** Co sees sales to be at least 33 mln pounds for the year
ended Dec. 31, 2022 vs 33.4 mln pounds reported an year earlier
** ANP says it experienced a weaker-than-expected Q4, while
the December performance was hurt mainly by falling customer
orders at its Chinese unit following a rise in COVID cases
** Stock set to post worst day since Sept. 14, if losses
hold
** Shares fell about 19% in 2022
($1 = 0.8242 pounds)
(Reporting by Aby Jose Koilparambil in Bengaluru)
((abyjose.koilparambil@thomsonreuters.com))