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Tessenderlo swings to profit during first half

9:23 AM MDT | August 27, 2014 | Francinia Protti-Alvarez

Tessenderlo Group reports a net profit of €27.7 million ($36.5 million) for the first half of the year compared with a €35.1-million net loss in the first half of 2013, according to the latest company results, released today. Tessenderlo says it returned to profit thanks to decreased nonrecurring costs and improved operating results. A partial reversal of a restructuring provision within the industrial solutions segment offset the expenses and provisions to restructure the gelatin activities of the biovalorization business segment and at Tessenderlo's...

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