Finnish meat group Atria has posted a slight rise in first-half profit, helped by its acquisition of Sweden’s Samfood last autumn.

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The company posted first-half profit before extraordinary items of €7.9m (US$8.9m), a rise of 7% compared to the year-ago period. Net sales rose 14% to €375m, thanks to the acquisition.


Atria said it did not expect an upturn in the pork market until next year.


“The slaughterhouse industry’s earnings have been hurt by the very low level of pork prices due to heavy overproduction worldwide. The business cycle is expected to improve during 2004,” the company was quoted as saying by Reuters.

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