Rougier announces 1H/2016 earnings

French company Rougier announced revenues of EUR79.3 million for the first half of 2016, down 8.5% year-on-year. The second quarter demonstrated solid earnings of EUR43.5 million but still fell short of the EUR47.6 million earned during the same period last year with Euro 47.6 million, according to a company press release.

Rougier Afrique International had vastly different sales trends in the first half of this year. Business in Cameroon and Congo slowed down due to weak demand from Asian markets. In Gabon, revenues are up from the previous year.

Growth for the France Import-Distribution branch was driven by the strengthening of its product ranges and the diversification of its customer base.

Weaker demand in several markets in Asia—particularly China and the Americas, erratic levels of demand in the Middle East and North Africa also affected sales earnings. Sales in Europe and sub-Saharan African countries on the other hand demonstrated growth.

The Rougier Group is a trader of certified African tropical timber.