PARIS, Oct 8 Trading house Louis Dreyfus has reported a drop in net profits from $ 160 m to $ 100 m in H1 2018 , citing its new strategy on soyabean high margins which is expected to improve performance later this year . Total sales were steady at $ 18.8bn over the six - month period , whereby a 6.3 % slip in volume was offset by higher margins . 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 resignation of CEO Gonzalo Ramirez Martiarena and CFO Armand Lumens .
Trading house Louis Dreyfus has reported a drop in net profits from $ 160 m to $ 100 m in H1 2018 , citing its new strategy on soyabean high margins which is expected to improve performance later this year . Total sales were steady at $ 18.8bn over the six - month period , whereby a 6.3 % slip in volume was offset by higher margins . 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 resignation of CEO Gonzalo Ramirez Martiarena and CFO Armand Lumens .