Wessanen has reported higher sales in the first half of the year

Wessanen has reported higher sales in the first half of the year

Dutch food group Wessanen has reported a fall in half- year net profit but increases in operating earnings and sales.

Net profit for the period to the end of June stood at EUR16.1m (US$17.6m) compared with EUR46m.

During the same period last year, Wessanen's net profit benefited from the effect of a higher profit from US drinks unit ABC, which the company offloaded earlier this year.

Operating income for the period was higher at EUR19.1m compared with EUR16.7m, "even with a significant step-up in A&P", Wessanen said.

Revenue increased to EUR263.2m from EUR2178.0m

Wessanen said it expected to report a higher operating income in 2015 compared with last year but did not indicate figures. Last year operating income came in at EUR1.3m.

Wesssanen CEO Christophe Barnouin said: "Our strategy is working and our focus is on further improving execution. More and more people in Europe are becoming conscious that what they eat has a major impact on their health and on our planet: A food revolution in Europe is starting and we want to play a leading role in it."