Danish sugar and food ingredients group Danisco today [Wednesday] reported first quarter profits slightly down on the same period last year but ahead of expectations. Consolidated group net profit came in at DKr278m (US$36.4m) for the first quarter of Danisco's 2002-3 fiscal year, beating forecasts of DKr200-250m. Last year the group reported consolidated group net profits worth DKr281m for the same period.