SPAIN: Ebro Puleva Q1 profits ease up to €24.45m
Spanish food manufacturer Ebro Puleva said yesterday [Monday] that net profits for the first quarter of 2002 inched up just 0.2% to €24.45m (US$22.02m) from €24.41m in the same quarter of 2001. The company attributed the flat net profit result to a €5.5m greater tax charge, while adding that its Chilean operation had contributed a loss of €1.84m. Overall sales fell by 0.5% to €513.8m from €516.6m, while pre-tax profits rose by 17% to €33.38 from €28.61m in the year-ago period.
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