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Sausage-skin maker Devro's full-year profit declines

Tue, 03rd Mar 2015 07:36

March 3 (Reuters) - Sausage-skin maker Devro Plc's full-year profit slumped as a result of costs related toinvestments in manufacturing technology and the strength of thepound against various currencies.

The maker of edible collagen casings for bratwurst, salamiand chorizo said pretax profit fell 94 percent to 2.2 millionpounds ($3.4 million) for the year ended Dec. 31.

Devro, which earns only about 10 percent of its revenue insterling, said revenue fell 4 percent to 232.3 million pounds. ($1 = 0.6500 pounds) (Reporting by Aastha Agnihotri in Bengaluru; Editing by RobinPaxton)

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