Benchmark Q2 sales dip, says on track for year

Aquaculture biotechnology company Benchmark Holdings plc said on Wednesday revenue fell in the latest quarter but it was on track to hit full-year expectations. 

The Norwegian company with a UK sales office in Sheffield said second-quarter revenue fell 10% from the same quarter a year ago to £39.8 million, as advances in its genetics and nutrition operations were offset by lower sales in health. 

The company, which provides salmon and shrimp farms with genetic, nutrition and health products and services, said operating profit was marginally below the same quarter a year ago, at £0.6 million. 

The company is trading in line with management’s expectations for the full year,” Benchmark said in a statement on Wednesday.

It said the review of its strategic options – including a potential formal sale process – was continuing and updates would be provided as appropriate.