Strong Profit Growth for Agrana

IndustrialsBasic Resources ♦ Published: May 13, 2011; 13:51 ♦ (Vindobona)

The Austrian sugar and starch company could record an increase in sales by 8.9%. The starch segment could grow faster than the sugar segment.

Strong Profit Growth for Agrana / Picture: ©

Revenue of Agrana, the sugar, starch and fruit group, grew by 8.9% in the 2010|11 financial year to € 2,165.9 m (prior year: € 1,989.2 m). The recent years’ focused investment in production capacity set the stage for the significantly higher sales volumes in all business segments. Operating profit before exceptional items was expanded in every segment, by 39.4% overall to €…