Spanish chocolate group Natra has recorded a drop in full-year net profit, hurt by a gain recorded by its Natraceutical division last year, but saw its operating income increase.
In the 12 months to the end of December, the company recorded a net profit of EUR4.1m, a 43% drop on the prior year period. Natra said the fall was due to recording “extraordinary accounting capital gains in Natraceutical” last year.
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However, Natra ended 2012 with an operating profit of EUR17.9m, compared to an operating loss of EUR4.9m in 2011. Operating profit from Natraceutical and its core chocolate business improved year-on-year.
Lower sales from its cocoa and chocolate division, which accounts for the bulk of revenues, meant Natra’s group sales were down 0.3% at EUR355.5m.
