GeneReach Biotechnology Corp (瑞基海洋), which makes disease detection devices and reagents for pets, livestock and the aquaculture industry, yesterday reported that sales last month more than doubled from the same period a year earlier on the back of orders from new clients.
The company posted revenue of NT$20.1 million (US$671,455) last month, up from NT$6.54 million in August last year, according to the company’s filing to the Taiwan Stock Exchange.
GeneReach said the increase reflected new orders from Saudi Arabian operation the National Aquaculture Group (NAQUA), which supplies shrimps, fish and other marine products.
It also saw an increase in orders from a group in Madagascar that supplies organic shrimp.
The company said it secured orders last month from local food and retail conglomerate Uni-President Group (統一集團) for reagents to test the safety of its food products.
The revenue increase last month pushed up the company’s revenue from January through last month to NT$94.48 million, up 41.31 percent from the NT$66.86 million seen in the previous year, data showed.
GeneReach has set a target to post a 56 percent revenue increase this year to NT$150 million, from NT$95.85 million last year.
GeneReach shares rose 7 percent to close at NT$39 yesterday in Taipei trading, outperforming the over-the-counter GRETAI index, which was up 0.43 percent.
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