French poultry group LDC has reported higher first-half profits on the back of increased sales at home and abroad.
LDC booked net profit of EUR32.1m for the six months to the end of August, up from EUR24.4m a year ago. Operating profit increased 20.5% to EUR45.9m.
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Like some French companies, LDC files sales numbers separately from profits. Last month, LDC booked a 7.2% increase in sales to EUR1.46bn (US$1.98bn) for the six months to the end of August.
Sales from LDC’s domestic poultry arm – its largest business – and from its international operations both improved.
In France, LDC said an increase in second-quarter sales volumes was helped by the “disappearance of an important player” from the fresh poultry sector. In May, Doux, which has spent over a year in administration, closed its last abbatoir for fresh products after a buyer did not emerge for the site.
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By GlobalData
