The Danish feed company -- which is owned by Schouw & Co -- increased its revenue by 36 percent year-on-year to DKK 1.1 billion (€147.5 million/$212.4 million) for the first three months of the year.

Its operating result ended up at a negative DKK 7.1 million (€952,077/$1.4 million).

That was a big improvement from last year, when it was at minus DKK 47 million (€6.3 million/$9.1 million).

Result before tax improved by 11 percent, ending at minus DKK 37.3 million (€5 million/$7.2 million).

The