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Manufacturing and distribution company Seprod Limited recorded a profit decline for its second quarter ended in June.
The decrease is attributed to the expiration of one-off benefits available to subsidiary AS Bryden and to unexpected costs for procurement of foreign exchange.
Despite a modest increase in top-line sales, Seprod's earnings shrank 21 per cent on account of the performance of subsidiary AS Bryden & Sons Holdings Limited.
Seprod Group achieved revenues of $29.74 billion, a 9 per cent increase over the corresponding period last year.
Group CEO Richard Pandohie says the increase came from a big jump in exports and more aggressive marketing on the beverage side of the business.
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