Stock Groups

Louis Dreyfus posts jump in first-half profit By Reuters

by Mike Robinson

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© Reuters.

PARIS (Reuters.com) – The Louis Dreyfus Company reported Tuesday a sharp increase in its first-half profit. This is a sign that rising commodity prices and high demand for staple crop are boosting international merchants’ earnings.

LDC released a statement saying that the group net profit increased to $336million from $126million a year ago.

LDC stated that earnings before interest tax, amortization, depreciation or amortization (EBITDA), a measure of earning before interest and taxes, rose from $634 to $778 millions.

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