German chocolate maker Halloren has seen its first-half losses narrow, after benefiting from financial investments.

The company made a pre-tax loss of EUR760,000 (US$1.1m), down 12% from the same period last year because of financial investments the company made.

However, earnings before interest, taxes, depreciation and amortization (EBITDA) fell to EUR830,000 in the first six months of the year from EUR1.14m a year earlier due to increased raw material costs. The company said it did not provide net income for first-half results.

Commenting on the outlook for the rest of the year, CEO Klaus Lellé said: “For the full year we expect to not only meet our revenue plan, but also the income planning.”

Revenues are expected to rise by 8% to EUR65m, the company added.

The chocolate maker also confirmed the expected achievement of solid earnings before taxes last year.