Kiotech Intl to report very successful year



09 February 2010 @ 09:13 am BST

Kiotech International expects to report a very successful year in line with market forecasts.

The firm says it has seen significant growth in trading from Kiotechagil and the successful acquisition of the Optivite group, adding to profits in the final quarter.

Integration continues apace with Kiotech's finance, administration and head office functions now amalgamated into Optivite's head office.

It also said the first step in consolidating production and purchasing has been taken with the first Kiotechagil customer order being produced at Optivite's feed additive production plant earlier this month.

The firm - a supplier of high performance natural feed additives to enhance health, growth and sustainability in agriculture and aquaculture - said its balance sheet remains strong and debt free with cash balances increased to £5m at the year end.

Results for the year to the end of December will be announced in mid-April.

Story provided by Business Financial Newswire

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