Multiexport Foods’ third-quarter results showed a steep drop over the same period last year, with a net loss of $11.7 million (€9.4 million), well below the $3.9 million (€3 million) in earnings the company posted in the same quarter of 2011.
Low prices are to blame for the losses, Ignacio Spencer, an analyst with IM Trust, told IntraFish. Yet these losses do not tell the whole story.
“In the end although they informed us that of this $11.7 million, there are $8.4
