Orkla Posts 4.8% Growth In Operating Revenues In First Quarter
Norwegian food company Orkla has posted 4.8% year-on-year growth in operating revenues, to NOK 10,176 million (€1,035.8 million) in the first quarter of its financial year.
Growth was driven by good performance in its branded consumer goods business and Hydro Power.
Operating profit was up 10% in the branded consumer goods business, Orkla reported. Adjusted earnings per share rose by 21%, to NOK 0.85 (€0.087).
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