StockMarketWire.com - Aquaculture health, nutrition and genetics business Benchmark booked a deeper annual loss after it wrote down the value of its assets.
Net losses for the year through September amounted to £83.1m, compared to restated losses of £4.4m on-year.
Benchmark said it recorded a £44.8m asset value impairment as a result of a reduction in forecasts in advanced nutrition, due to a 'material change' in market outlook.
Revenue from continuing operations fell 3% to £127.3m, while adjusted operating profit from continuing operations fell 75% to £3.6m.
Executive chairman Peter George described the results as disappointing.
The company's priorities in the coming year, he said, would include delivering on a programme of disposals and restructuring.
At 9:56am: [LON:BMK] Benchmark Holdings Plc share price was -4.5p at 42.5p
Story provided by StockMarketWire.com
Shares Magazine
Shares is the leading weekly publication for retail investors. It is packed with investment ideas, news and educational material to help build and run portfolios and get more from your money.
Investor Events
Shares puts on free Investor Events throughout the year across the country. They provide an opportunity for investors to learn more about companies on the stock market and hear from a range of investment experts including fund managers and Shares journalists.