Orkla Sees Boost From Consumer Goods Business In Third Quarter
Norwegian food conglomerate Orkla has posted a 15.2% increase in operating profits in its branded consumer goods business in the third quarter of its financial year, lifting the group's overall profit performance by 8.8%.
Turnover in the branded consumer goods arm was up 10.6%, the group said, with the business citing increased at-home consumption as a key driver of its performance.
Operating profits were up 16% in its Orkla Care division, while Orkla Confectionery & Snacks saw profits up 13%, Orkla Foods was up 11% and Orkla Food Ingredients rose by 4%.
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