2011 1H: Results note
Net profit up to June grows 16.2% and stands at € 0.91 million
The investment in the natural ingredients sector balances the difficulties of recovery of the nutritional supplements market
Natraceutical closed 2011 first half with a net profit of € 0.91 million compared to € 0.78 million for the same period last year, an increase of 16.2%.
The company sales, provided almost entirely by the Food Supplements Division, stood at € 18.91 million compared to € 24.57 million in the first half of 2010. After corporate costs, Natraceutical’s EBITDA stood at € -0.92 million compared to € 0.92 million in June 2010.
As for the ingredients activity, integrated in the investee company Naturex, the French multinational closed the first half of the year with a net profit of € 9.7 million, 28% above the same period in 2010. Natraceutical incorporates in their accounts the proportion of this result (€ 3.14 million) as result of companies accounted for by the equity method.
At the end of first half of the year, the market value of Natraceutical’s 31.5% shareholding in Naturex stood at € 121.4 million.
On June 30, Natraceutical’s net financial debt amounted to € 74.85 million, with a single maturity in April 2013, compared to € 83.07 million on December 31, 2010.