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National Milk Records PLC - Chippenham, England-based agricultural technology information services provider - In the final quarter ended June 30, says revenue rises 6.5% year-on-year to £6.1 million from £5.7 million, continuing the same rate of annual growth from the prior quarter. Its largest category, Core milk recording revenue, grows by 4.8%. Notes no significant ‘structural, organisational or cash flow changes’ that would have a ‘dilutive effect’ on the revenue performance against expectations. Notes price pressures in UK dairy sector are beginning to ease, but prices remain firm.
‘This inflationary influence, increasing the long-term value of milk, underpins the increasing value of NMR's services,’ the firm says.
Current stock price: 100.50 pence
12-month change: up 5.2%
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