Swiss chocolate maker Lindt & Spruengli has reported better-than-expected first-half results, helped by a 16% rise in sales.
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The company, which does most of its business in the second half due to the busy Christmas period, posted a pre-tax loss of CHF2.5m (US$2.0m) in the first half, compared to a loss of CHF13.4m a year earlier. Analysts had been expecting a pre-tax loss of CHF8.2m.
First-half sales increased 16% to CHF778m, beating analysts’ expectations of CHF725m, reported Reuters.
“Lindt & Spruengli is confident of its ability to exceed its strategic annual growth target (for sales) of 5-7% in 2004,” the company was quoted as saying.
