Tereos posts an improvement in financial results



French sugar group Tereos said on Wednesday it made a net loss of 6 million euros ($7.13 million)in the six months to Sept. 30 versus a year-earlier loss of 21 million euros.

It is reported by Reuters.

Tereos, the world’s second largest sugar maker in volume, said adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose to 237 million euros from 111 million in the first half of 2019/20.

Net debt at the end of September stood at 2.5 billion euros, down 253 million on year, the group said.