Hugli has reported a 16.3% rise in profits for the first half of 2014 despite a “sluggish food market in Europe”.

The firm reported a rise in profits to CHF11.7m (US$12.8m) and an increase in earnings before interest and tax to CHF16m.

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Sales, however, were affected by a slowdown in volume, particularly in Europe. Hugli reported an increase in revenue of 1.5% to CHF185m.

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