Danish food ingredients firm Danisco has announced a rise in profit for the year to 30 April 2005 to 1.242bn Danish Kroner (US$203m), compared with 1.009bn the year before.

Group revenues rose to 17.835bn kroner from 16.397bn.

"The acquisitions of Rhodia Food Ingredients and Genencor International have provided Danisco with a technology platform that will contribute significant growth going forward," the company said

Organic growth of 2% in 2004/05 for ingredients and sweeteners was affected by the weak flavour market in Europe, it said. Sugar was hit by considerable price increases for export licences.

Danisco will support and expand Genencor's position within the production and development of technical enzymes as well as give higher priority to the development of enzymes for food and feed applications, it said. The health care activities will be spun off. The future management structure is now taking shape with Robert H. Mayer as CEO.

For 2005/2006 it predicted revenue in the range 20.5-22.0 bn kroner, with profit at 1,200-1,300m kroner.