Benchmark Holdings Navigates Market Challenges

Benchmark Holdings (GB:BMK) has released an update.

Benchmark Holdings PLC, an aquaculture biotech firm, reported a dip in Q3 FY24 revenues by 10% year-on-year, attributing the decline to soft shrimp markets and restructuring in their Health segment, despite a solid performance in Genetics and Advanced Nutrition. The company’s streamlining efforts led to a 15% rise in adjusted EBITDA, excluding fair value movement of biological assets. Despite market headwinds, the company maintains a positive outlook, underlining actions taken to ensure profitability and long-term shareholder value.

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