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Arla posts H1 profits drop as milk crisis cancels out revenue growth
date:Sep 04, 2012
The Denmark-based dairy co-operative posted net profits of DKK 513m ($86.5m, 68.8m) for the first half of 2012 down on the DKK 612m ($103.2m, 82.1m) reported in H1 2011.

Despite the fall in profits, Arla reported a 12% increase in revenue growth for the period of DKK 29.9bn ($5bn, 4bn) an increase on the DKK 26.7bn ($4.5bn, 3.58bn) achieve in H1 2011.

This has been attributed to organic growth in core and growth markets and the realisation of mergers and acquisition benefits relating to its

12/22 02:27