Trading house Louis Dreyfus has reported a drop in net profits from $ 160 m to $100m in six-month , citing its hedging strategy on soyabean crush margins which is expected to improve performance six-month . Group sales were steady at $ 18.8bn over the H1 2018 period, whereby a 6.3% slip in volume was offset by higher pricing. Newly appointed CEO Ian McIntosh had previously said the company's first half results had "significantly improved" and dismissed speculation of a crisis after the departures of CEO Gonzalo Ramirez Martiarena and CFO .
Trading house Louis Dreyfus has reported a drop in net profits from $160m to $100m in H1 2018, citing its hedging strategy on soyabean crush margins which is expected to improve performance later this year. Group sales were steady at $18.8bn over the six-month period, whereby a 6.3% slip in volume was offset by higher pricing. Newly appointed CEO Ian McIntosh had previously said the company's first half results had "significantly improved" and dismissed speculation of a crisis after the departures of CEO Gonzalo Ramirez Martiarena and CFO Armand Lumens.