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Spur Tree Spices net profits tumble to $12m for March quarter

 
The net profits of Spur Tree Spices tumbled to $12 million on revenues of $336.4 million during the three-month period ended March 31. 
 
This is compared with net profits of $28.2 million on revenues of $394.5 million during the corresponding period last year. 
 
The reduction was mainly due to the shortage of Ackee, a key raw material in the company's production for export. 
 
The company, however, says it produced more seasonings, sauces and dried products in order to meet increased consumer demand. 


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