Agrana H1 operating profit drops 24 percent

VIENNA, Sept 24 Tue Sep 24, 2013 3:02am EDT

VIENNA, Sept 24 (Reuters) - Austrian sugar, starch and fruit group Agrana, a unit of Germany's Suedzucker , reported a 24 percent drop in its first-half operating profit due to higher commodity prices.

In a pre-announcement of its results on Tuesday, Agrana said its full-year operating profit would be lower than that of the last two financial years, after reaching 108 million euros ($146 million) in the first half.

Half-year revenues rose 4 percent to 1.67 billion euros, and Agrana said there should be a modest rise in consolidated revenues for its full year, which runs until end-February 2014.

Agrana is due to publish its half-yearly results in detail on Oct. 10.

($1 = 0.7412 euros) (Reporting by Georgina Prodhan; Editing by Mark Potter)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article