13 December 1996

Genus savings show

COST savings after the restructuring of Genuss breeding services earlier this year are starting to show through.

Operating profit for the six months to Sept 30, 1996, came to £1.04m, compared with a £402,000 loss for the same period last year. Turnover was unchanged at £23.15m

But there is still no sign of a dividend for shareholders or any guarantee that there will be one at the year-end. "That will be up to the board, though they are very conscious that a dividend has not been paid so far," said chief executive, John Craven. "There will have to be a trade-off between building assets or paying shareholders."

Genus has announced another share trading day on Jan 24, 1997. &#42