October 25, 2019 / 10:19 AM / 2 months ago

Germany’s Nordzucker posts first half loss on low sugar price

HAMBURG, Oct 25 (Reuters) - Germany’s second largest sugar refiner Nordzucker on Friday posted a pre-tax loss of 12 million euros in the first half of its 2019/20 fiscal year to end August, largely as low sugar prices continued to depress results.

Unlisted Nordzucker had posted a 36 million euro loss for the previous full 2018/19 financial year and had said in May it expected a loss in its 2019/20 year. (Reporting by Michael Hogan, editing by Jon Boyle)

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