Genus reveals strong volume growth

Genus, which develops advances to animal breeding using biotechnology, yesterday posted a 19 per cent rise in pre-tax profit to £46.5m for the year to 30 June. Revenue over the year was up 10 per cent to £341.8m, as expansion in China helped volume growth. Porcine sales across the group were up seven per cent, and bovine sales up eight per cent. Particularly, Genus also said growth in the Americas helped to buoy revenues.