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Isagro reports €3.3-million net loss during first quarter owing to poor weather conditions

5:55 AM MDT | May 15, 2013 | Francinia Protti-Alvarez

Isagro (Milan) reports a €3.3-million ($4.3 million) net loss during the first quarter of 2013 compared with a €668,000 profit in the same period last year. Ebitda also contracted to €1.01 million during the reporting period compared with €3.7 million in the same period last year. First-quarter figures were not representative of full-year results, given the seasonality of the agricultural sector, the company says. Sales, meanwhile, also fell 24%, to €32.3 million, during the first quarter of this year compared with €42.66 million in...

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