MHP SE (MHPC.L), a food and agri group, on Tuesday reported a loss for the for the first quarter, compared with a profit a year earlier, despite strong revenue growth, as foreign exchange losses weighed on results.
The company posted a loss of $85 million, compared with a profit of $32 million a year ago, primarily reflecting a non-cash foreign exchange loss of $53 million in the quarter versus a gain of $13 million in the prior-year period.
Operating profit fell to $19 million from $60 million last year.
Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) decreased 29% to $79 million from $111 million in the prior-year period.
Revenue increased 31% to $1.022 billion from $779 million a year earlier.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.