Genus announces a £60 million buyback after stronger annual earnings
Genus ($GNS-LSE) announced a £60 million share-buyback program after adjusted pre-tax profit rose 35% to £100.2 million. Revenue declined 2% to £658.1 million, but stronger profitability in its pig-genetics business and improvements in its cattle operations supported earnings. Free cash flow increased 52% to £62 million, while the group’s leverage ratio fell to 0.4 times. Statutory pre-tax profit reached £310.5 million, but that figure includes a £204.1 million gain from selling 51% of PIC China
0