TRADING UPDATES: Agronomics NAV up; Churchill China hires new CFO
(Alliance News) – The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
Agronomics Ltd – Isle of Man-based cellular agriculture investment firm – Net asset value per share on November 30 is up 19% to 14.85 pence from 12.51p a year earlier. Pretax profit in the financial year that ended June 30 is GBP8.4 million, multiplying from GBP1.0 million. Net income is down 40% to GBP6.4 million from GBP10.7 million, while foreign exchange gains are GBP6.5 million, swings from a loss of GBP107,275. Executive Director Jim Mellon says: “Looking ahead, the industry recently saw the first approval of cultivated meat product in the US by the FDA.
This was a landmark event for the field of cellular agriculture and moves us further along the path to full-scale commercialisation. We look forward to further approvals from within Agronomics’ leading portfolio of companies and we expect to start seeing regulatory approvals across our portfolio in major protein categories from 2024.”
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