Danish food ingredients firm Chr.Hansen has reported a rise in its Q3 2012 revenues by 6.7%to€181.2m,compared to€169.8m in the corresponding quarter a year ago.
The company's net profit for the three-month period of fiscal 2012 was€35.2m,compared to€30.9m for the same period last year.
For first nine months of fiscal 2012,the Danish company's revenues rose by 8.4%to€513.7m,compared to€474.1m for the same nine-month period of previous fiscal.
The ingredient firm's net profit for the period was€92m,up 17%from€78.6m in the same period of fiscal 2011.
Chr.Hansen CEO Lars Frederiksen said that the company reported 10%organic growth for the first nine months of 2011/12 and the organic growth of 9%in Q3 was slightly better than expected.
"Based on the continued solid performance in Q3 we have adjusted our expectations,with organic revenue growth now expected at 9-11%(excluding carmine price effect)while the profitability is expected to improve compared to last year with an EBIT margin between 26.5-27.0%,"Frederiksen added.
