Animal and fish feed producer Nutreco said on Thursday it would need longer than forecast to reach its target of doubling operating profit.
The deadline for reaching operating profit of €230m has now been stretched from 2010 to 2012 at the latest, Nutreco said.
Nutreco booked earnings of €105m in 2008, 7% down on the 2007 figure. Sales rose 23% to €4.9bn, boosted by higher raw material prices, the company said in a statement.
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