SPAIN: Natra H1 earnings climb
- Net profit reaches EUR4.8m
- EBITDA up 1.7%
- Sales grow 0.3%
Natra said “an ongoing improvement of the businesses" boosted results
Spanish chocolate and natraceuticals firm Natra has booked an increase in first-half earnings, boosted by a focus on cost savings.
In the six months to the end of June, net profit reached EUR4.8m (US$6.4m). This was an 8.2% increase on the prior year period.
Natra said "an ongoing improvement of the businesses and a strong focus on financial deleveraging", helped earnings.
EBITDA was up 1.7% to EUR10.2m, while sales edged up 0.3% to EUR152.6m.
The cocoa and chocolate division, Natra's main business, closed the first half of the year with sales of EUR152.58m, similar levels to the previous year, Natra said. There was "a slight improvement" of 1.7% in EBITDA to EUR10.21m.
Click here to view the full earnings release.
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