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. (Reporting by Gus Trompiz; Editing by Sudip Kar-Gupta) 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 $ 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 .