French poultry group Duc has booked a profit of EUR4.1m (US$8.2m) for 2007 as the company swung from a loss in 2006.
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The profit came on the back of a 61% jump in sales to EUR167.4m thanks to growing sales of breaded products and rising exports.
Duc said a focus on its strategic business and better cost control were central to its return to profitability in a market weakened by bird flu.
The company said 2008 would be a “transition period” as it integrates its business in France and as higher food prices weigh on demand.
CEO Joel Marchand said: “The good performance for the year 2007 is confirmation of Duc’s ambitions, both financially and in terms of dynamism.
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By GlobalData“While the group anticipates a slowdown in consumption tied to the general increase in food prices, our teams aim to consolidate our customer portfolio by expanding our ranges of products.”
