BioMar's Q2 Revenue Rises 4.8%
Today, BioMar released its first quarterly report as a publicly listed company. Against a backdrop of geopolitical uncertainty and raw material supply challenges, the company reports volume growth of 5% compared with the year-to-date period last year.
While the feed business continues to perform strongly, the overall first-half results were partly impacted, as expected and planned, by transformation costs related to the strategic development of the technology business towards more direct sales and recurring revenue. In parallel, the recently completed IPO implied higher cost during the period.
To Read Full Story Login Below.