Spain's Ebro Foods has posted a net profit of reached €127.3 million between January and September this year, which represents an increase of 25.3% when compared to the same period last year.
As reported by eleconomista.es, the rice and pasta producer's sales grew by 1.7%, reaching €250.2 million, an increase of 16.7% compared to last year.
The company is expecting to close the year with positive figures: it estimates sales of €2,471 million (0.4% more than in 2015), EBITDA of €340.7 million (an 8.3% increase) and net profit of €167.6 million (15.7% higher).
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Gabriela Guédez. To subscribe to ESM: The European Supermarket Magazine, click here.
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