Nutreco aims for doubling profits by 2010

02-08-2007 | |

Dutch food group Nutreco expects to double operating profits by 2010 through growth, acquisitions and cost controls.

Nutreco, which produces animal and fish feed and is a major poultry
processor, reported that its operating profit from continuing operations rose to
€47 million ($64 million) on revenue up 24.6% at €1.68 billion in the first half
of 2007.

“The first six months of 2007 show that we are on the right
track,” Nutreco Chief Executive Wout Dekker said in a statement. six months,
Nutreco said.

Nutreco, hoping to
tap into growing demand for animal and fish feed, bought
Canadian rival Maple Leaf

in July, adding annual revenue of
about €400 million.

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