Jump in milk price drives FAGE H1 loss despite rise in sales

The FAGE dairy company reported on Tuesday a 2013 first-half loss of $4.3 million, mainly due to a rise in the price of milk in Europe and the US. It had reported a profit of $17.6 million for the same period last year.Sales rose 2.2 percent to $277.3, mainly due to increases in the US and Italy, by 7.1 percent and 36.9 percent respectively. Sales in Greece and the UK fell 9 percent and 2.2 ...

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