SPAIN: Mixed results at chocolate firm Natra
- Net profit slides 43%
- Operating profit of EUR17.9m
- Net sales drops to EUR355.5m
Spanish chocolate group Natra has recorded a drop in full-year net profit, hurt by a gain recorded by its Natraceutical division last year, but saw its operating income increase.
In the 12 months to the end of December, the company recorded a net profit of EUR4.1m, a 43% drop on the prior year period. Natra said the fall was due to recording "extraordinary accounting capital gains in Natraceutical" last year.
However, Natra ended 2012 with an operating profit of EUR17.9m, compared to an operating loss of EUR4.9m in 2011. Operating profit from Natraceutical and its core chocolate business improved year-on-year.
Lower sales from its cocoa and chocolate division, which accounts for the bulk of revenues, meant Natra's group sales were down 0.3% at EUR355.5m.
- How brands are eyeing their own retail presence
- Why Lactalis could move for Dairy Crest
- Foodservice focus - all-day breakfast; concept NPD
- Who could swoop for Diamond Foods?
- The consistent inconsistency of European promos
- Nestle, R&R Ice Cream in joint venture talks
- How the food industry is reacting to TPP
- China implements new safety regulations
- Premier Foods adds to Bisto range
- PepsiCo to close Australia crisps plant
- Management briefing: just-food’s industry outlook for 2015
- Global Savory Snacks Market: Merger and Acquisitions August 2015
- Food and Beverage Coding and Marking Equipment: Market Outlook 2015-2019
- E-Grocery Market in India - Market Research 2015-2019
- Danone SA : Consumer Packaged Goods - Company Profile, SWOT & Financial Analysis