date:Apr 11, 2013
Swiss cocoa and chocolate products manufacturer Barry Callebaut has reported that its net profit for the first half of 2012-13 declined 7.4% to CHF116.4m ($124.5m), compared with CHF125.7m ($134.4m) for the same period in 2011-12.
The company has attributed the decline to lower EBIT in combination with an increase in net financial expenses and taxes.
For the period ended 28 February 2013, the sales revenues decreased 2.4% to CHF2.39bn ($2.55bn), compared with CHF2.44bn ($2.61bn) due to lower a