date:Apr 26, 2013
Spanish food processing firm Ebro Foods has reported that its net earnings for the first quarter of 2013 increased by 2.1% to 32.9m, compared with 32.2m for the same period in 2012.
For the quarter, the company posted a 5.4% decrease in net sales to 502m, compared with 530.9m in the previous year, due to lower prices in the pasta division.
Ebro Foods posted earnings before interest, taxes, depreciation, and amortization (EBITDA) of 64m, sliding 0.8% year on year due to the exclusion from conso