Swiss chocolate manufacturer Barry Callebaut has reported a 20% rise in net profit for its fiscal first-quarter.

The company said net profit for the September to November period was SFr48.5m (US$35.7m). Operating profit for the quarter was up 18% to SFr49.3m. Sales increased 48% to SFr1.06bn, mainly due to the consolidation of Germany’s Stollwerck.

Sales volumes for the first quarter rose 19% to 266,763 tonnes.

Barry Callebaut’s chief executive, Patrick De Maeseneire, gave a positive outlook for the firm’s second fiscal quarter.

Despite unrest in the Ivory Coast, the company said it believed it would be able to meet all contractual customer obligations it had entered into, reported Reuters.