Danish sugar and food ingredients firm Danisco has reported a better-than-expected 4% rise in six-month net profit.
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The company posted net profit of DKr562m (US$93.1m) for the six months to 31 October, compared to DKr543m for the year-ago period.
Sales fell to DKr8.25bn from DKr8.64bn a year earlier, reported Dow Jones International News.
The company backed its full-year sales guidance of DKr16bn to DKr17bn, and also reiterated its net profit outlook of between DKr900m and DKr1bn. However, Danisco lowered its guidance for earnings before interest, tax and amortisation to between DKr2.1bn and DKr2.23bn from a range of DKr2.1bn to DKr2.3bn.
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