Italian dairy group Parmalat has posted nine-month net profit of EUR276.3m ($405.1m), boosted by settlements of legal cases over its near collapse in 2003.

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The company said the nine-month figures were in line with expectations, despite a less than positive performance from its Venezuelan operations and an increase in the prices paid for raw milk.


Earnings before interest, tax, depreciation and amortisation (EBITDA) were 3% up at EUR254.1m. Revenues rose by 5.4%  to EUR2.8bn.


Parmalat reiterated its forecast for the full 2007 fiscal year for core profit growth of between 7% and 10%.

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