Nordzucker Sees 18% Decline In Revenues In Full-Year 2018
German sugar manufacturer Nordzucker has reported an 18% drop in group revenues to €1.4 billion in its financial year ended 28 February 2019 from €1.7 billion a year earlier.
Extreme market developments and the scrapping of fixed quotas and minimum prices are believed to be the primary reasons behind the company's losses.
The company incurred an operating loss of €58.1 million during this period.
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