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October 19, 2001

SWEDEN: Karlshamns posts increase in operating profit for Edible Oils business

Swedish ingredients firm Karlshamns has posted an increase in operating profit at its Edible Oils business to  €12.06m (US$10.86m) for the interim nine-month period between January and September this year. In a statement, Karlshamns said that the European market for fatty acids witnessed a marginal increase in the first nine months of this year, compared to the same period in 2000, and the price level has remained stable. In the US and Asia, however, the market actually decreased by about 10%.

Swedish ingredients firm Karlshamns has posted an increase in operating profit at its Edible Oils business to  €12.06m (US$10.86m) for the interim nine-month period between January and September this year.

In a statement, Karlshamns said that the European market for fatty acids witnessed a marginal increase in the first nine months of this year, compared to the same period in 2000, and the price level has remained stable. In the US and Asia, however, the market actually decreased by about 10%.
 
Overall, the group posted an operating profit up by €3.49m (US$3.14m) year on year, to €15.88m. Operating profit during the Q3 of 2001 reached €5.71m.

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