Buhler Industries reported a $300,000 loss in the second quarter but expects profits will improve later this year as cost cutting measures take effect.
Equipment demand is hurt by weak crop commodity prices. The weak Canadian dollar makes imported parts more expensive. However, equipment demand so far in 2017 is better than in 2016.
For the first six months there was a net loss of $2.7 million, but that was better than a loss of $7.2 million in the same period last year.