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Benchmark's Brexit-mitigating actions

The fish farmer and animal gentics group is growing, but comments around Brexit have put the market on edge
Benchmark's Brexit-mitigating actions

The past year was largely successful for fish farming specialist Benchmark (BMK). Revenues grew by 13 per cent and adjusted pre-tax profits by 19 per cent, but the share price fall on results days suggests investors are worried about a 'slower' start for the advanced nutrition business this year following 'volatility' in the shrimp market. However, chief executive Malcolm Pye believes the division will recover in the second half, as trading improves beyond the Chinese New Year. A strong start from the genetics business also offset some of this sluggishness.

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