The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here

Less Ads, More Data, More Tools Register for FREE

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)

Related Shares

More News
14 Apr 2023 12:02

IN BRIEF: Devro takeover by Saria completes; shares cancelled

Devro PLC - Glasgow, Scotland-based sausage casing manufacturer - Takeover by Saria Nederland BV, an indirect subsidiary of Saria SE & CO KG, becomes ...

13 Apr 2023 20:07

TRADING UPDATES: Inland Homes completes GBP2.5 million fund raise

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

24 Feb 2023 15:46

UK shareholder meetings calendar - next 7 days

16 Feb 2023 16:55

LONDON MARKET CLOSE: Records for FTSE and CAC but US PPI hits New York

(Alliance News) - Blue-chip benchmarks in London and Paris hit record highs on Thursday, with the FTSE 100 managing to cling to its daily gain, despit...

16 Feb 2023 12:19

CORRECT: LONDON MARKET MIDDAY: FTSE 100 stays above 8,000

(Correcting the GBPUSD quote).

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.