Weak demand, strong U.S. dollar and the sale of Green Giant weighed on performance.

NCSP’s cargo turnover increases 2.9%.

The company’s agriculture and energy segments have entered a global down cycle which affected both earnings and revenues.

The naira was devalued and the concomitant impact on the Nigerian macroeconomic environment was widespread.

Rain impacting the ramp of seasonal harvest and lowering yields.

Food segment earnings fall on low volumes of grains, sugar and rice.

Last year’s small crop negatively impacts company’s grain business.

Growth is driven by higher volume and better margins for the soybean crushing and consumer products businesses.

Earnings for the pulses and grain processing sector increases 10.2%.