GERMANY: Hawesko profits up on flat turnover
Hawesko Holding has seen a rise in its first half operating profits, despite a small fall in consolidated turnover, the German wine trading group said.
Operating profit rose in the period to €3.2m (US$3.8m), compared to €2.9m in the same period last year. Combined turnover reached €123m, just down on the €123.5m for the first six months last year, however.
The German company also saw consolidated profit after tax and minority stakes rise to €1.1m, compared with €800,000 a year earlier.
On the back of the results, Hawesko reaffirmed its full year targets to beat its 2004 turnover and earnings before interest and tax levels.
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