14 February 1997

Dalgety profits fall

BSE knocked more than £4m off Dalgetys agribusiness profits in the six months to Dec 31, 1996.

Profits slumped 23%, as demand for cattle feed fell. Rising milk production due to delays in the BSE cull was blamed.

The firms Pig Improvement Company saw a 16% growth in sales. But with much of its business overseas, exchange rates will continue to hit PICs performance.

Although agribusiness profits fell 23%, Dalgetys overall pre-tax profits fell a more modest 9% to £43m. The company has kept the interim dividend at 8.5p. &#42