Emerging market sales drive Parmalat H1 profit increase
date:Aug 02, 2012
rica,said Caporizzi.

Parmalats Australian division reported revenue of 460.1m ($566.2m) for the first half of 2012 a 15% increase on H1 2011. EBITDA rose to 22.3m ($27.4m) compared with the 13.5m ($16.6m) earned last year.

The firm has attributedthe result to increasing demandfor its flavoured milk and yogurt offerings.

The firms rest of Europe division, which includes subsidiaries in Portugal and Romania, recorded 6.5m ($8m) in EBITDA for the January to July period driven by strong perform
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