Animal feed company Anpario said Wednesday first-half profits grew by nearly a fifth despite the impact on sales of a stronger pound.

For the six months to 30 June 2018, profit before tax rose 19% to £2.2m, revenue was unchanged at £14.8m from a year ago and gross profit fell to £7.0m from £7.3m.

Excluding the impact of foreign exchange movements, sales and gross profit growth would have been 5% and 6% respectively.

'With a favourable foreign exchange environment more likely in the second half year, I look forward to reporting good progress from the above initiatives early next year,' said Peter Lawrence, Chairman.

At 9:44am: (LON:ANP) Anpario PLC share price was +3p at 472p