NORWAY: Orkla profits fall 29%
The Norwegian consumer goods to investment company Orkla ASA yesterday announced that it had recorded a 29% fall in first-quarter net profit due to weak results from its media division and lower profits on share sales. "Orkla's industrial activities have had a good start this year and we see a positive development - apart from in Media," chief executive Finn Jebsen said in a statement. "The fact that first-quarter profit before tax has nonetheless declined is primarily because we have realized lower profit on sales of shares."
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-drinks gives you the widest beverage market coverage.
Paid just-drinks members have unlimited access to all our exclusive content - including 15 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Olly Wehring, editor of just-drinks
- Is Diageo on the Brink of a Brain Drain?
- SABMiller edges Diageo as beer trumps spirits
- Focus - SABMiller's FY Sales Performance by Region
- Will Keurig Kold come to Coca-Cola Co's Rescue?
- Comment - Heineken's move for Pivovarna Lasko
- Rémy Cointreau eyes recovery after Q4 bounceback
- Carlsberg exec joins Diageo as Africa chief steps
- Diageo YTD sales come in flat
- Belvedere unveils executive team
- Stock Spirits recruits Drambuie head for MD role