Petra Foods, one of the world’s major manufacturers and suppliers of cocoa ingredients, says net profit attributable to shareholders in the third quarter ended 30 September 2010 (3Q 2010) rose 109.9% to US$10.3 million ($13.3 million) on the back of a 33.8% increase in sales to US$433.1 million.
This was boosted by higher sales volume, higher unit pricing and higher margins achieved by both its Cocoa Ingredients and Branded Consumer divisions. EBITDA improved 56.5% to US$27.7 million in the same period.