French poultry processor Duc has reported a 12% increase in third-quarter sales.
Duc booked a 12.7% rise in sales to EUR45.3m (US$61.2m) for the three months to the end of September.
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Poultry accounts for over 61% of Duc’s sales and the company said it had seen a “significant” increase in poultry volumes of 4.5%. Own-label products were in growth, Duc said.
Sales volumes of added-value poultry products increased 7%, driven by breaded products.
Duc’s turkey division, which accounts for 20% of sales, saw volumes fall 2%. The company said the fall was due to its moves to rationalise turkey production, a move it embarked upon in 2009.
In September, Duc reported a 13.4% rise in first-half turnover to EUR90.1m. The company, however, saw losses widen year-on-year. In the first six months of 2011, Duc made a net loss of EUR1.9m, although it said profitability had improved in the second quarter.
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