International Sugar Journal

Sri Lanka – Government owned sugar company secures profit in Q1 2016 [Registered]

The government owned Lanka Sugar Company has secured a profit of LKR 321 million (US$2.2 mln) in the first quarter of 2016, said Chairman Naveen Adikarama, according to local press reports.

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Austria – AGRANA’s profit drops by 27% in 2014/15 [Registered]

Especially in the Sugar segment, steadily declining market prices led to a significant drop in earnings. The Starch and Fruit segments have proved a stabilising influence for profitability, with the Starch segment contributing a slight year-on-year increase in EBIT, while a moderate EBIT decline in the Fruit segment was the result of one-time factors.

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