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GENUS PLC UNSP/ADR (GENSY) drives innovation in AI education and enterprise solutions across energy, finance, and logistics sectors. This news hub provides official updates on strategic developments following its transformative merger with FatBrain AI, positioning GENUS at the forefront of auditable AI technologies.
Access real-time updates on AI acceleration initiatives, sector-specific solution deployments, and leadership changes impacting global markets. Investors and professionals will find curated information on technology partnerships, educational program expansions, and cross-industry collaborations that demonstrate GENUS's growing influence in preparing organizations for AI-driven transformation.
Bookmark this page for verified updates about GENUS's B2B and B2G initiatives, ensuring you stay informed about developments shaping the future of explainable AI in critical economic sectors.
Genus, a global leader in animal genetics, announced its interim results for the six months ending December 31, 2022. Revenue grew by 25% to £350.2m, with operating profit up by 18% at £41.2m. Despite challenges in China and Latin America, PIC achieved record performance, boosted by a 23% volume increase in China. The company's focus on R&D saw an 86% increase in gene editing investment. CEO Stephen Wilson announced intentions to retire on September 30, 2023, after a decade with Genus. While uncertainties remain, especially in Chinese and Latin American markets, the board maintains its expectations for the fiscal year.
Genus (LSE:GNS) reported preliminary results for the year ending June 30, 2022, revealing a 3% revenue increase to £593.4 million. Adjusted profit before tax decreased by 16%, impacted by challenges in PIC China and rising input costs due to inflation and the Ukraine war. Excluding PIC China, adjusted profit rose by 28%. Key highlights include strong growth in ABS with a 9% increase in adjusted operating profit and significant capital investments like the new genetics farm in Canada. Despite macroeconomic headwinds, the group remains confident in its medium-term growth outlook.
Genus plc (LSE:GNS) reports interim results for the six months ended December 31, 2021. Total Group revenue decreased by 2%, while adjusted profit before tax fell 21%. Excluding the poor performance in the Chinese porcine market, revenue increased by 4% and adjusted PBT rose by 25%. Significant challenges remain in China's market due to low pig prices affecting profitability. However, strong growth was noted in North America and Latin America. The company continues to invest in R&D and strategic partnerships, maintaining a stable interim dividend of 10.3p.
Genus (LSE:GNS) reports strong preliminary results for the fiscal year ending June 30, 2021, achieving a 4% revenue growth, boosted by double-digit growth in adjusted operating profits for both PIC and ABS. Key markets include China, Brazil, and India. The company noted a 28% increase in adjusted operating profit, reflecting significant strategic progress and strong cash flow, with a recommended 10% increase in dividends. However, short-term challenges are anticipated in the Chinese porcine market, potentially lowering growth in FY22 before recovery in FY23.
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