Article: Copeinca H1 '09 net profit down to USD3.6m.(Financial report)(Brief article)

NORDIC BUSINESS REPORT-31 August 2009-Copeinca H1 '09 net profit down to USD3.6m(C)1994-2009 M2 COMMUNICATIONS http://www.m2.com

31 August 2009 - Peru-based and Oslo-listed fish meal producer Copeinca ASA (OSL: COP) said today its net profit dropped to USD3.6m for the first half of 2009 from USD7.5m for the same period of 2008.

The sales decreased to USD120.1m from USD135.3m and the gross profit to USD29.9m from USD45m. The operating profit declined to USD10.9m from USD19.1m and the pretax profit to USD7.2m from USD9.9m.

By contrast, for the second quarter of 2009 the company moved to a net profit of USD10.7m versus a net loss of USD942,000 a ...

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