Agrana´s Upward Trend Continues

IndustrialsBasic Resources ♦ Published: January 14, 2011; 00:08 ♦ (Vindobona)

With a strong third quarter, Agrana, the Austrian sugar, starch and fruit group, continued its positive performance of the current financial year.

Agrana´s Upward Trend Continues / Picture: © AGRANA Beteiligungs-AG

Revenue in the first three quarters (ended 30 November 2010) grew by 5.8% from one year earlier, to € 1,624.4m. In each of the three business segments, the revenue growth reflected the combined net effect of higher volumes and somewhat lower average prices. Agrana recorded operating profit of € 104.8m before exceptional items, an increase of 32.8% from the prior year’s first…