Belgian food group Ter Beke has booked an increase in profits for the first half of the year.
For the six months to the end of June, the company earned EUR5.7m (US$7.2m), a 29.5% increase on the prior year.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
EBITDA amounted to EUR19.6m compared to EUR16m in 2009, while sales climbed 3.1% to reach EUR197.3m.
“In 2010, the group will continue to work on improving the profitability of its activities, both in the processed meats division and in the ready meals division,” the firm said.
“In the second semester, the investments in the Come a casa brand and in the production processes will be further increased. Still, the group expects that, save for unforeseen circumstances, the EUR1.3m net result improvement will be reflected in the results of the full year,” it added.
Click here to view the full earnings release.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
