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.
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