10 January 2000
Genus profits increase
CHESHIRE-BASED farm consultancy and cattle breeding specialist Genus has flourished in the five years since it was spun off from the Milk Marketing Board, reports the Financial Times.
The newspaper discloses in a corporate profile of the group that sales have jumped from less than 50 million a year in 1995 to 190m.
Operating profits have risen from 800,000 for the full year in 1996 to 3.06m in the first half of its latest financial year.
Genus began life as a narrowly-based cattle breeding company and consultancy. But it has diversified out of its core activity as well as expanding its operations abroad.
Nine acquisitions in three years have created a group comprising three divisions: cattle breeding, veterinary products and services, and international agricultural and environmental consultancy.