Spanish food giant Ebro Puleva has posted a 15% rise in nine-month net attributable profit to €87.03m (US$102.8m).

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The company’s revenue fell 8.1% over the nine-month period to €1.51bn, following divestments of unprofitable or non-strategic businesses, reported Reuters.

Ebro Puleva said it had cut its net consolidated debt by €107.4m to €341.7m in the January to September period.

The company has forecast net profit of €105m for the full year to 31 December, compared to €95m a year earlier. Full-year sales are expected to slide to €1.98bn from €2.16bn, reported AFX News.

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