:. Food Industry News

Categories: Corporate Results

Atria Q2 Operational Profit Slightly Below Consensus

Source: Reuters
01/08/2008

Helsinki, Aug 1 - Finnish food group Atria reported second-quarter operating profit falling slightly more than expected, citing rising cost of raw materials and other supplies across the food chain.

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Atria's April-June underlying operating profit fell to 11.1 million euros ($17.3 million) from 16.4 million the previous year, slightly missing analysts' average forecast of 11.7 million in Reuters Estimates.

The company said it expects 2008 operating profit to fall significantly year-on-year, but sales to grow.



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