Agrana H1 operating profit drops 24 percent
VIENNA, Sept 24
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.