Brief: Agrana Beteiligungs H1 EBIT up 44.5 pct at 130.6 million euros

Agrana Beteiligungs AG

12/10/2017 06:30

Oct 12 (Reuters) - AGRANA BETEILIGUNGS AG  AGRV.VI  
    * H1 OPERATING PROFIT (EBIT) GREW TO EUR 130.6 MILLION, A 
SUBSTANTIAL IMPROVEMENT OF 44.5% FROM ONE YEAR EARLIER 
    * H1 GROUP'S REVENUE ROSE SLIGHTLY, BY 3.2% TO EUR 1,362.1 
MILLION (H1 PRIOR YEAR: EUR 1,320.3 MILLION) 
    * FOR FULL 2017|18 FINANCIAL YEAR, AGRANA EXPECTS GROUP 
REVENUE TO RISE MODERATELY 
    * H1 PROFIT FOR PERIOD 97.3 MILLION EUROS VERSUS 62.6 
MILLION EUROS YEAR AGO 
    * FOR FULL 2017|18 FINANCIAL YEAR CONTINUES TO PREDICT A 
SIGNIFICANT INCREASE IN OPERATING PROFIT (EBIT) 
    * TOTAL INVESTMENT IN FY, AT APPROX. EUR 140 MILLION, WILL 
EXCEED BUDGETED DEPRECIATION OF ABOUT EUR 93 MILLION 
 
Source text for Eikon:  ID:nEu85TW5w  
Further company coverage:  AGRV.VI  
 
 (Gdynia Newsroom) 
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