Finland: Raisio Plc malting division sales improved 60%

Raisio Nutrition’s sales volume of malt improved by 60 per cent over 2Q of 2006, but prices were lower, Raisio Plc, the Group which carries out activities through 3 divisions: Raisio Chemicals, Raisio Nutrition and Raisio Life Sciences, released on August 01 in its interim report as of June 30 2006.

Most of the growth of malt sales came from export. While both competition and pricing remained stiff, small signs of improvement are detected.

Raisio Nutrition's operating result including a one-off income item of EUR 1.8 million amounted to EUR 1.2 million (EUR 3.2 million) in April–June. Operating result in January–June was EUR - 0.2 million (EUR 5.8 million).

Raisio Nutrition's turnover in April–June totalled EUR 101.0 million (EUR 98.4 million). Turnover increased in the Polish and Russian food businesses and in the malt business. Raisio Nutrition's turnover in January–June totalled EUR 186.6 million (EUR 184.2 million).

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