Brief: FirstFarms Q2 Net Result Swings To Profit DKK 433,000

FirstFarms A/S

23/08/2018 14:18

Aug 23 (Reuters) - Firstfarms A/S  FFARMS.CO :
    * REG-INTERIM FINANCIAL REPORT FOR 1 JANUARY - 30 JUNE 2018
FOR
FIRSTFARMS A/S
    * MAINTAINS ANNOUNCED EXPECTATIONS OF AN EBITDA RESULT IN
LEVEL OF
DKK 49-53 MILLION AND AN EBIT OF DKK 22-26 MILLION
    * PRICE ON SLAUGHTER PIGS IS LOW, AND ONLY A SMALL INCREASE
IS
EXPECTED IN REMAINING PART OF YEAR
    * Q2 TURNOVER DKK 49.9 MILLION VERSUS DKK 33.8 MILLION YEAR
AGO
    * Q2 NET PROFIT DKK 433,000 VERSUS LOSS DKK 2.1 MILLION YEAR
AGO
    * PRICE ON PIGLETS HAS BEEN LOW IN FIRST HALF YEAR, AND IT
HAS
CONTRIBUTED NEGATIVELY TO RESULT IN PIG PRODUCTION
    * SAYS LOW PRICES ARE STILL EXPECTED IN AUTUMN, BUT PRICES
ARE
EXPECTED TO INCREASE AT END OF YEAR

Source text for Eikon:  ID:nGNEc9pcf5 
Further company coverage:  FFARMS.CO 

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