Groupe Doux, the French poultry giant, has booked a rise in first-half profits on the back of stronger exports and tighter cost control.
The company said late last week that its first-half EBIT stood at EUR26.6m (US$34.1m), up sharply from EUR1m a year earlier.
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A 12% rise in export volumes helped boost first-half revenues by 2.5% to EUR642m even as domestic sales fell.
Sales in France dropped from EUR273m to EUR244m as Doux reduced part of its foodservice and industrial sales to focus on exports.
Doux said it sees sales growth accelerating during the second half of the year as it boosts its capacity to export whole chickens and as Russia’s market recovers. The company predicted annual turnover of EUR1.41bn for 2010, up 7.5% on 2009.
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