French sugar manufacturer Beghin-Say yesterday [Tuesday] reported an 83% jump in first quarter net profits, as one-off costs fell and operating efficiency improved.
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Beghin-Say, one of the four companies created by the dissolution of Franco-Italian food processor Eridania Beghin-Say, said net attributable profit came in at €14.3m (US$13.0m), compared with a proforma level of €7.8m in the comparable period of last year.
Operating profits climbed 12% to 33.5m on sales up 3% to 444.7m, with pre-tax profits from recurring operations improving 37% to €22.4m.
