Hain Celestial has booked an increase in first-half profits, which benefited from higher sales and improved margins.
The company revealed yesterday (6 February) that net income for the first six months of the year rose to US$48m from $31.7m in the comprable period of last year. Operating income was up 39.1% to $83.5m, with operating margin improving from 9.2% of sales last year to 10.2% of sales this year.
The natural and organic food maker said net sales were up 25.1% to US$6.5bn. Gains were driven by a 163.3% increase in UK sales, where the group has expanded through M&A, including last year's acquisition of the spreads business from Premier foods.
Source:
http://www.just-food.com/news/hain-profits-rise-on-sales-margins_id122062.aspx
