Danone profits drop 7.5 percent

15th February 2007, Comments 0 comments

PARIS, Feb 15, 2007 (AFP) - French food giant Danone reported a 7.5-percent drop in profits for 2006 on Thursday but the price of its shares rose by 2.83 percent in early trading.

PARIS, Feb 15, 2007 (AFP) - French food giant Danone reported a 7.5-percent drop in profits for 2006 on Thursday but the price of its shares rose by 2.83 percent in early trading.

Net profit fell by 7.5 percent from the 2005 figure to 1.353 billion euros (1.772 billion dollars).

Sales rose by 8.1-percent to 14.073 billion euros.

The price of shares in Danone gained 2.83-percent to 123.60 euros.

Copyright AFP

Subject: French news

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