Spanish chocolate group Natra revealed that it returned to profitability in 2011 thanks to a significant one-off gain and a near-5% increase in turnover.
The cocoa and chocolate firm said that net profit increased to EUR6.4m (US$8.5m) in 2011, compared to a loss of EUR22.8m in 2012.
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The figure was boosted by a one-time gain of EUR21.1m from the integration of its ingredients business into French multinational Naturex. As a result of this transaction, Natra subsidiary Natraceutical became Naturex’s largest shareholder and the group’s share of net income from the venture was incorporated into Natraceutical’s accounts.
Natra’s turnover increased by 4.6% to EUR356m, the company said.
The company, which makes own-label chocolate and snacks for retailers across Europe, saw its operating losses narrow from EUR16.8m to EUR4.9m.
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