Genus sees FY 'moderately ahead' of expectations

(Sharecast News) - Animal genetic company Genus on Tuesday said it expected annual earnings to be moderately above expectations after a strong second half in Asia and Latin America that more than offset weaker conditions in North America. The group now expects adjusted profit before tax of about £98m helped by a final £5.6m milestone payment from its Chinese partner Beijing Capital Agribusiness. Genus also reported solid cash conversion in the second half, driving significant growth in free cash flow.

Reporting by Frank Prenesti for Sharecast.com