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News and analysis on the global poultry
and animal feed industries.
on April 12, 2012

Agrifirm releases 2011 financial results

Company makes €10 million profit, down from 2010 numbers

Agrifirm brought in €10 million in net profit in 2011, a decline of €14 million from 2010 numbers, according to the company's report.

The decline is mostly due to more competitive pricing by Agrifirm’s member companies Agrifirm Feed and Agrifirm Plant and due to lower results realized by minority participations, said the company in its financial statement, and its subsidiaries in The Netherlands and abroad achieved higher results. “Of course we are not satisfied with the decline in profits in 2011," said A. Loman, chairman of the company's executive board. "But when you analyze things properly, you will see that we are perfectly on track with our core activities. This makes our customers successful and grows our market share. I can see from the market and from our people that we are pursuing the right course. We will continue on that course in 2012. The results of our customers and members are a priority in this respect.”

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