Koninklijke Wessanen(KJWNY.PK), on Thursday reported a pre-tax profit for the third quarter of 2.1 million euros as opposed to a loss of 1.8 million euros in the same year-ago quarter. However, net profit in the period declined to 3.7 million euros from 8.1 million euros last year, when the company benefited from a gain of 10.1 million euros from discontinued operations.
On a basic per share basis, the company's profit dipped to 0.05 euros from 0.11 euros in the prior year.
Revenue from continuing operations for the quarter increased to 138.5 million euros from 136.6 million euros last year. The company's grocery and health food stores reported a rise in profit, while its frozen foods segment witnessed lower profits from last year.
In addition, the company said it planned to implement cost cutting measures and streamline its processes starting November.
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