September 24, 2013 / 7:03 AM / in 4 years

Agrana H1 operating profit drops 24 percent

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

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below