AGRANA reaffirms significant earnings growth for full 2019|20 financial year
(World News Austria)

In the first half of the 2019|20 financial year, AGRANA, the fruit, starch and sugar company, generated operating profit (EBIT) of EUR 51.7 million, a decrease of 17.9% year-on-year (H1 prior year: EUR 63.0 million). The Group`s revenue was stable, at EUR 1,250.0 million (H1 prior year: EUR 1,261.0 million). AGRANA Chief Executive Officer Johann Marihart says: `The lower EBIT earnings in the first half of the year were due primarily to the negative EBIT in the Sugar segment, which last year had not posted high losses until the second half of the year. For the year as a whole we will see a positive change in this business, as we expect a significant improvement compared to the second half of the...