LOSSES WIDEN AT TEREOS IN H1

摘要

Tereos plunged to loss of EUR96 mln in its fiscal 2018/19 first-half ended September 30 versus a year-earlier loss of EUR10 mln. The company was hit by a steep fall in sugar prices, and it said it expected to be in the red across its full financial year for the second year running. “The historic fall in European sugar prices will impact Tereos' results like other large actors of the European industry, so that Tereos will not be able to reach a positive net result,” Chief Financial Officer Olivier Casanova said in a call with journalists. Tereos posted a net loss of EUR18 mln in the year ended March.