India, Oct. 10 -- German sugar producer Suedzucker AG (SUEZF.PK) reported Thursday that its first-half operating result declined 46.6 percent to 74 million euros from last year's 139 million euros.
The expected drop was mainly driven by the sugar segment losses. The decline reported by the fruit segment was more than offset by improved results at the special products and CropEnergies segments.
The sugar segment's operating loss was 93 million euros, compared to last year's profit of 3 million euros. The main causes were the EU sugar market price level, which did not cover costs, and sharply lower sales volumes due to the drought-driven weaker 2018 harvest.
CropEnergies' operating result tripled to 44 million euros from previous year's 14...