Denmark-based meat co-op Danish Crown says it has reported “satisfactory” annual results in a “difficult” market.

The company booked a profit of DKK1.6bn (US$290.4m) compared to earnings of DKK1.7bn a year earlier.

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“While earnings have been maintained, during the year we have disbursed more than DKK 800m more to our owners through a higher and competitive price for the raw materials which they have supplied,” said Erik Bredholt, chairman of Danish Crown’s board of directors.

Operating profit was slightly up on last year to DKK2.02bn from DKK2bn. Sales edged up 2.9% to DKK58.2bn.

Click here to view the full earnings release.

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