Spanish food group Ebro Foods has reported improved sales and profits for the first half of 2014.

It posted a 2.1% increase in net profit to EUR72m (US$96.4m), with net profit from continuing operations up 5.8%.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Ebro did see its saw operating profit fall 6.5% to EUR100.9m. However, it pointed to the absence of “extraordinary gains” from this year’s results, including the gain from the reversal of litigation costs last year. EBITDA inched up 0.2% to EUR130.8m.

Sales were up 1.3% to EUR986.6m, as higher revenues from Ebro’s pasta business offset lower turnover from its rice arm. The drought in Texas hit Ebro’s rice division.

Click here for the full results.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now