UK's Genus rises on Chinese porcine JV, strong annual profit

Genus

04/09/2025 09:14

Corrects to drop extraneous intrument code for FTSE 100 index

   ** Shares of animal genetics firm Genus GNS.L rise as much as 28.8% at 3220p, among top pct gainers in FTSE mid 250 .FTMC index
** Co accelerates existing strategic porcine collaboration in China with Beijing Capital Agribusiness Co. Ltd ("BCA"), the group's domestic state-backed partner

** Co to receive $160 million gross payment from BCA

** Co posts annual adjusted profit before tax of 74.3 million pounds ($100.37 million), up 38% from the previous year

** "There was strong profit and cash performance last year and the outlook is encouraging. The JV in China brings significant cash and accelerates potential," says brokerage Peel Hunt
** GNS expects significant growth in group adjusted profit before tax in constant currency, in line with current market expectations

** Including session's moves, GNS stock up 77.1% YTD versus a 3.7% climb in FTSE mid-cap index

($1 = 0.7402 pounds)

 (Reporting by Subiksha S in Bengaluru)

 ((Subiksha.S@thomsonreuters.com))