August 1, 2011

DPL Invest reports losses

DPL Invest, the pork organisation from Denmark, has announced a full year loss of DKK25.10 million (US$4.83 million) after tax in the previous year.

This compares with a DKK24 million (US$4.6 million) loss in 2009. Sales amounted to DKK191.4 million (US$37 million). Over the past four years, the company, which represents 15 production facilities in Denmark, has lost a total DKK100 million (US$19.3 million).

However, CEO Kristian H. Kristensen said it has no plans to cut back its operations but remains optimistic that business will improve. However, this is not expected to take place in 2011 and the management has warned a full-year loss for the year.