Benchmark Holdings, the Sheffield-based aquaculture genetics, health and nutrition company, reported a 25% increase in revenues to £98.9 million for the six months ended March 31, 2023, with loss before tax narrowing to £1.9 million from £5.1 million.

Benchmark CEO Trond Williksen said: “Benchmark had an excellent first half, delivering double digit growth.

“We continue to focus on achieving profitability and cash generation whilst making good progress towards our medium-term objectives; we remain on track to deliver strong growth for the year in line with market expectations.

“Our fundamentals are strong and we have significant opportunities to continue building our track record of consistent growth. Aquaculture is a growth industry, supported by robust megatrends.

“Benchmark is well positioned to play an important role in helping the aquaculture industry deliver sustainable growth and meet the needs of a rising population.”