Swiss meat processor Bell has reported a rise in 2003 net profit, helped by cost cuts and higher sales.
The company, Switzerland’s largest meat processor, posted a 6.9% rise in 2003 full-year net profit to CHF48.3m (US$38.2m). However, earnings before interest and tax fell 4.1% to CHF68.6m, reported Reuters.
Bell’s 2003 sales rose 2% to CHF1.54bn, boosted by last summer’s heat wave, which led to increased sales of meat for barbequing.
The company did not give an outlook for 2004.