Greek dairy giant Evrofarma has reported a 70% increase in sales year-on-year for the first quarter of 2002, to €4.2m (US$3.8m).

The company also said that it will pay a dividend of €0.03 per share for the full year 2001, and that its Q1 profit was up 10% in comparison to the corresponding period of 2001.

Evrofarma expects full-year 2002 turnover to exceed €20m, according to a report in Euro2day.