Sausage-skin maker Devro profit falls as costs rise, demand slows

Tue, 04 Mar - 5:37pm

March 4 (Reuters) - Sausage-skin maker Devro Plc DVO.L reported a 4.5 percent drop in full-year pretax profit as a result of rising raw material costs and slow demand in some of its key markets.

Devro, which makes casings for German bratwurst and British breakfast bangers, said pretax profit was 37.5 million pounds ($62.7 million) for the year ended Dec. 31, down from 39.3 million pounds a year earlier.

Revenue rose marginally to 242.7 million pounds.

($1 = 0.5982 British pounds)

(Reporting by Noor Zainab Hussain in Bangalore; Editing by Robin Paxton)

((noor.hussain@thomsonreuters.com)(Within UK +44 20 7542 1810)(Outside UK +91 80 6749 2764)(Reuters Messaging: noor.hussain.thomsonreuters.com@reuters.net))

Keywords: DEVRO RESULTS/

URN: 
urn:newsml:reuters.com:20140304:nL3N0M04SH:4
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