date:Jan 14, 2014
igh.
The revenue growth in the Starch segment was attributable largely to higher sales volumes. The reduction in earnings is explained primarily by a lower profit contribution from HUNGRANA, the joint venture in Hungary. Amid more intense competition, selling prices were down. As well, the commissioning of the wheat starch plant in Pischelsdorf, Austria, entailed the expected start-up losses.
Sales volumes of fruit preparations were boosted by about 6% overall, with gains achieved both within