French poultry processor Duc has posted a fall in half-year losses as cost control and a refocus of the business to value-added products improved the bottom line.
Duc said today (27 September) that its net loss for the six months to the end of June was EUR380,000 (US$512,000) – against EUR3m a year ago.
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The smaller losses came despite a 6% fall in sales to EUR79.5m, which Duc reported last month.
Duc’s operating losses were also lower, standing at EUR1.4m compared to EUR2.7m a year earlier.
However, the company warned that its business would continue to be affected by a “difficult economic environment” and said “soaring” grain prices could affect its prices on shelf.
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Meanwhile, Duc said it had agreed to sell its Cobral catering and snacks unit to French co-op CECAB. Duc bought the business in 2007 and last year the unit generated sales of EUR21.7m.
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