The Wisynco Group says its net profits fell by 18 per cent to $971 million during the third quarter ended in March.
Net profits fell from $1.2 billion for the corresponding period last year.
The company's latest report also indicated that its net profits for the nine month period ended March, fell to $3.5 billion, from $3.9 billion for the previous year.
The company says this was due to higher operating costs and reduced exports due to logistics issues in the USA and Europe.
It pointed out, however, that the third quarter is usually its slowest.
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