Spanish ingredients firm Natra has upped its operating profit 71% on last year in its first quarter (Q1) results due to operational changes in its main cocoa and chocolate business.
Although sales were flat at around €76m, operating profit climbed 71% to €3.29m.
The company’s cocoa and chocolate business was the key driver with operating profit in this segment up 48% to €1.67m.
This was achieved mainly through pricing after the general increase of raw material costs last year.
Natra also boosted sales for its cocoa and chocolate business in developing markets, with China and Brazil the highlights.
Sales in the firm’s home market, Spain, however, declined 11%.