Belgian food group Ter Beke has booked an increase in profits for the first half of the year.
For the six months to the end of June, the company earned EUR5.7m (US$7.2m), a 29.5% increase on the prior year.
Go deeper with GlobalData
EBITDA amounted to EUR19.6m compared to EUR16m in 2009, while sales climbed 3.1% to reach EUR197.3m.
“In 2010, the group will continue to work on improving the profitability of its activities, both in the processed meats division and in the ready meals division,” the firm said.
“In the second semester, the investments in the Come a casa brand and in the production processes will be further increased. Still, the group expects that, save for unforeseen circumstances, the EUR1.3m net result improvement will be reflected in the results of the full year,” it added.
Click here to view the full earnings release.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
