Buhler Industries reported profit of $5 million for the quarter ending March 31, down from $6.4 million the same period last year. Revenue climbed to $104.8 million from $94 million.
Increases in gross margin were offset by increased selling expenses. Results were also affected by a loss on foreign exchange, offset by reduced interest expense and gains made on sales of surplus assets, Buhler said.
Profits over the first six months of the year were $9.7 million.