Buhler Industries posted improved revenue but lower profits in its second quarter.
Revenue climbed 31 percent to $70.5 million because of the impact of a new sprayer line introduced last year and increased tractor sales, particularly in overseas markets.
However, net profit sagged to $400,000 from $700,000 in the same period last year partly because of the strong Canadian dollar and increased spending on research and development.
Also, the company said the previous year’s results reflected one-time gains from sale of property.
It expects its recently announced strategic alliance with Westeel will help improve sales, but the results will be offset by rising steel prices and the strong loonie.
