Colombian food group Grupo Nacional de Chocolates saw its net profit grow 55% during the first nine months of 2010.

The company attributed the growth to improved profitability in its food business and lower debt costs.

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For the period ended 30 September, net profit reached COP188.75bn (US$102.3m). Consolidated EBITDA grew 2.7% to COP390m.

Operating revenue, however, fell 3.9% to COP3.16trn due to the weaker Venezuelan currency, one of the group’s markets in South America.

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