Lindt posts 14% rise in profit

Despite tough economic conditions throughout Europe and the United States, Swiss chocolate powerhouse Lindt and Spruengli have confirmed a 14% rise in profits in the first 6 months of this year as compared to 2011.

The company, whose products include Lindor Balls, Lindt Excellence Blocks and the world famous Lindt Bunny, experienced gains in all the core sectors of its business with overall sales up some 5.3 percent to around 1.03 billion francs in comparison to the first half of 2011.

Both earnings before interest and tax increased 16 percent to 48.7 million francs, indicating that the company's medium and long-term sales and profit forecasts remained on course to be met.

 

Article posted by Spencer Samaroo, Managing Director, Moo-Lolly-Bar. A true chocoholic, he also is chief editor of I Love USA Candy.