French Babybel reports profit
French cheese group, Fromageries Bel, last week announced a net
profit of E69m for the financial year 2000, representing an
increase of 7.8 per cent....
profit of E69m for the financial year 2000, representing an
increase of 7.8 per cent....
French cheese group, Fromageries Bel, last week announced a net profit of E69m for the financial year 2000, representing an increase of 7.8 per cent. Operating profit increased by 2.2 per cent to E106m, showing a margin shrinkage from 6.8 to 6.4 percent. Sales grew by 8.5 percent thanks to the international markets. Fromageries Bel claimed that the decrease in cost-effectiveness was due to the increase in price of milk and milk powder, and to the "reinforcement of promotional investments" to support the brands in a mature and highly competitive market. The company is behind cheese brands such as Babybel, La vache qui rit and Kiri cheeses. Source: Investir
