Animal feed additive supplier Anpario said it expected its annual sales to slip in 2018, but return to growth in 2019.
Trading for the year through December, although subdued, had been in line with market expectations, the company said.
Sales growth was impacted by African swine flu in China and challenging trading conditions in the Middle East and Latin America.
'However, costs have been closely managed without impeding strategic development plans,' Anpario said.
Continued strong performances in the US, Europe and Australasia were expected to support a return to sales growth in 2019.
Cash balances at year end stood at £12.9m, down from £13.6m on-year.
At 1:52pm: (LON:ANP) Anpario PLC share price was -15p at 330p