PGI has been another casualty of low tea prices, which the group estimates have cut pre-tax profits by £1.3m. Interim pre-tax profits for the entire group fell 37% to £1m on turnover down by 3%. The group has also been undergoing restructuring, focusing on the disposal of remaining non-core assets and activities, such as the tool-making division. PGI has also been hit by currency changes in Indonesia and high African inflation. EPS halved to 0.8p. No dividend was proposed.