Lindt & Sprungli profits climb in H1
Lindt & Sprüngli this week revealed an increase in first-half profits, boosted by increased volumes and innovation.
For the six months to the end of June, the company earned CHF24.8 million (A$27.2 million), compared to a profit of CHF2.7 million last year.
The growth, Lindt said, was primarily fuelled by increased volumes and improvements of product mixes as well as the launch of innovative products.
Operating profit stood at CHF33.9 million, representing an increase of 40.7% on the prior year period as a result of streamlining measures across all areas of the business.
Sales climbed 7.9% to reach CHF1.06 billion.
The firm said it expects organic growth in sales for the full year of 5% to 7%, and an EBIT of CHF300 million to CHF340 million.
just-food is the world’s leading portal for the global pre-packaged food and retail industries. Its daily mix of breaking news, views, analysis and research serves over 100,000 food executives each month. http://www.just-food.com/
Australia has suspended the import of raw green prawns from White Spot disease affected countries.
Scientists have created a chewing gum that can diagnose dental disease.
Ikea wants to help start-ups looking to innovate within the food industry.
Academics at University College London (UCL) have conducted an unprecedented experiment to attempt ...
There could soon be much more quinoa thanks to an Australian-led scientific breakthrough.
Following a ketogenic diet may help people live longer and have better memory two studies have found...
South Africa’s Sea Harvest has proposed a proportional takeover of Western Australian seafood compan...
A variety of sea animals can take up virus particles while filtering seawater for oxygen and food. ...