China hampers Genus profit

Animal genetics services provider Genus (LON:GNS) is expected to report lower interim profit on 24 February. China has been a weak market because of low pig prices and no recovery is likely in the year to June 2022.

Peel Hunt forecasts a 22% dip in interim pre-tax profit to £37m. China is expected to be responsible for a £13m profit decline, which is more than the amount expected for the group.

The interims should include further information on the pig genetics market in China and how it ...

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