Plant Health Care (PHC)

Sector:

Industrial Chemicals

Index:

FTSE AIM All-Share

3.59p
   
  • Change Today:
      0.12p
  • 52 Week High: 11.60p
  • 52 Week Low: 3.20p
  • Currency: UK Pounds
  • Shares Issued: 341.53m
  • Volume: 675,665
  • Market Cap: £12.26m
  • RiskGrade: 304

Plant Health Care revenues grow on strong US trading

By Duncan Ferris

Date: Tuesday 29 Jan 2019

LONDON (ShareCast) - (Sharecast News) - Plant Health Care on Tuesday reported full-year revenue growth, though strong performances in the Americas were largely offset by reduced sales in Europe and Africa.
For the year ended 31 December, the supplier of biological products to the agriculture industry said its revenue came in at $8.0m, up by 7% on the previous year on a constant currency basis, as US sales increased by 32% to $2.1m, Mexican sales increased by 10% and Brazilian sales jumped from zero to $1.1m.

The AIM traded company also reported that gross margin had improved to 65%, from 62%, and said strong US sales were driven by the release of a new corn product, which made up $1.6m of sales in the country, while a new soy product also launched in the US earlier in January.

Chris Richards, interim chief executive of Plant Health Care, said: "Sales of our new soy product, which we had expected our channel partner to launch before the end of 2018, have now started on a modest scale, as our partner introduces the product to the market. We expect sales to be comparable to the corn product, over time."

Meanwhile, sales in Europe and Africa dropped by 62% amid a slower draw-down of in-market inventory in South Africa due to drought.

Cash and cash equivalents at 31 December were $4.3m, up from $3.9m at the same point a year before, with a delayed US product launch increasing inventory by around $0.5m and the company stating that year-end cash reserves remained sufficient to take it to cash positive in 2020, as commercial income grows.

Plant Health Care's shares were up 0.67% at 7.55p at 1153 GMT.

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

Note 2: RiskGrade figures are provided by RiskMetrics.

 

PHC Market Data

Currency UK Pounds
Share Price 3.59p
Change Today 0.12p
% Change 3.46 %
52 Week High 11.60p
52 Week Low 3.20p
Volume 675,665
Shares Issued 341.53m
Market Cap £12.26m
RiskGrade 304

PHC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
1.32% above the market average1.32% above the market average1.32% above the market average1.32% above the market average1.32% above the market average
37.5% below the sector average37.5% below the sector average37.5% below the sector average37.5% below the sector average37.5% below the sector average
Price Trend
84.23% below the market average84.23% below the market average84.23% below the market average84.23% below the market average84.23% below the market average
22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average
Income Not Available
Growth
33.52% above the market average33.52% above the market average33.52% above the market average33.52% above the market average33.52% above the market average
22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PHC Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:09 771 @ 3.62p
16:09 601 @ 3.56p
16:08 628 @ 3.50p
16:08 574 @ 3.44p
16:08 77,538 @ 3.44p

PHC Key Personnel

CFO Jeffrey Hovey
CEO Jeffrey Tweedy

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