November 25, 2011
France's LDC's H1 profit down 12%
A net profit of EUR19.5 million (US$26 million) in the first half of fiscal year 2011/12, ending February, down 12% on the year has been registered by French poultry producer LDC.
Revenue rose by 9% to EUR1.3 billion (US$1.7 billion).
The company was affected by the price increases of cereals used to feed the poultry and was not able to reflect those increases in sale prices.
The group hopes to raise its market share in France to 40% from the current 32%.