Wednesday August 25, 2010

Lindt Sees Profits Jump

Kilchberg, Switzerland — Citing increased consumer interest in new products and innovation, Lindt & Sprüngli AG posted major organic growth of 9.2 percent for the first half of 2010.

Reporting through June 30, the company says it was able to win share across all its markets, and that double-digit gains were seen in North America.

Net profit at the end of June stood at $23.8 million, with Lindt pointing to rising cocoa bean costs as a contributor to price fluctuations.

“In light of the still insecure economic situation, price adjustments to date have been made cautiously and selectively due to the rising cost of cocoa,” the company states. “Potential price increases will therefore depend on the rate of inflation and the currency situation in different countries.”