Benchmark Holdings (BMK)

Sector:

Pharma and Biotech

Index:

FTSE AIM 100

54.50p
   
  • Change Today:
    -1.50p
  • 52 Week High: 65.00p
  • 52 Week Low: 53.00p
  • Currency: UK Pounds
  • Shares Issued: 703.79m
  • Volume: 27,951
  • Market Cap: £383.56m

Benchmark reports 'good' first half performance

By Josh White

Date: Tuesday 18 May 2021

LONDON (ShareCast) - (Sharecast News) - Aquaculture biotechnology company Benchmark reported a "good" first half performance on Tuesday, with revenue from continuing operations growing 11% at constant exchange rates to £62.3m.

The AIM-traded firm said its adjusted EBITDA from continuing operations was 13% higher at constant currency for the six months ended 31 March, to £8.7m, which it said reflected a "strong performance" in advanced nutrition and "solid trading" in genetics and health.

It reportes "significant" progress towards commercialisation of 'BMK08' and 'CleanTreat', with first customer contracts and ratification of the maximum residue level opinion achieved in the second quarter.

Benchmark's board said its outlook was positive, with trading in line with market expectations, reporting "good visibility" of revenues for the second half.

"Benchmark has performed well in the first half and has made good strategic progress across our three business areas," said chief executive officer Trond Williksen.

"This reflects our successful restructuring and the new focus and discipline on delivering on our strategic priorities to create profitable growth."

Williksen said the company's financial discipline, including cost containment and strict cash management, enabled it to invest "selectively" in its core business, strengthen its position in its markets, and deliver on growth opportunities.

"As a leading aquaculture biotechnology company focused on delivering sustainable solutions, we are well positioned to make a positive impact on our industry and create value for all our stakeholders."

At 1003 BST, shares in Benchmark Holdings were down 4.54% at 59.18p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

BMK Market Data

Currency UK Pounds
Share Price 54.50p
Change Today -1.50p
% Change -2.68 %
52 Week High 65.00p
52 Week Low 53.00p
Volume 27,951
Shares Issued 703.79m
Market Cap £383.56m

BMK Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
23.73% below the market average23.73% below the market average23.73% below the market average23.73% below the market average23.73% below the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average
Price Trend
20.81% below the market average20.81% below the market average20.81% below the market average20.81% below the market average20.81% below the market average
7.94% above the sector average7.94% above the sector average7.94% above the sector average7.94% above the sector average7.94% above the sector average
Income Not Available
Growth
10.12% above the market average10.12% above the market average10.12% above the market average10.12% above the market average10.12% above the market average
37.14% below the sector average37.14% below the sector average37.14% below the sector average37.14% below the sector average37.14% below the sector average

BMK Dividends

No dividends found

Trades for 21-Jan-2022

Time Volume / Share Price
16:27 6,199 @ 53.60p
16:19 6,193 @ 53.60p
15:49 3 @ 57.00p
13:52 8,673 @ 55.00p
12:00 3 @ 55.00p

BMK Key Personnel

CFO Septima Maguire
CEO Trond Williksen

Top of Page