Swiss meat processor Bell has posted first-half net profit of CHF19.5m (US$14.2m), compared to CHF19.7m a year earlier.

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The company reported virtually flat sales of CHF727m, but said sales volumes fell in its pork business and the consumer mood remained cautious.

Bell said its margins were hit by higher cattle and pig prices.

The company also said it was optimistic for the second half, due to an expected fall in raw commodity prices and an expected rise in sales volumes, reported Reuters.

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