Restructuring at Spanish functional foods firm Natraceutical has led to a slump in annual profits.
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The company, in which private-label chocolate maker Natra owns a majority stake, today (27 February) posted a 61.2% drop in annual net income.
Net income fell to EUR1.49bn (US$1.89bn) after Natraceutical lost various revenue streams as a consequence of its restructuring programme.
During the 12-month period, Natraceutical’s earnings before interest tax depreciation and amortization (EBITDA) stood at EUR21.7m, up 13.2% year-on-year.
Revenue rose 5.3% to EUR161m.
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By GlobalData
