Fromageries Bel: cautious outlook for 2018
(CercleFinance.com) - After trading on Friday, Fromageries Bel reported 2017 net income, group share of 180 million euros, down 15.
6% relative to 2016.
Meanwhile, operating profit fell 27.9% to 215 million euros.
However, note that revenues rose by 14% to 3.35 billion euros.
Finally, the group was fairly cautious regarding 2018, citing a continued high level of uncertainty in some areas where it has a significant presence, e.g. the Middle East.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
6% relative to 2016.
Meanwhile, operating profit fell 27.9% to 215 million euros.
However, note that revenues rose by 14% to 3.35 billion euros.
Finally, the group was fairly cautious regarding 2018, citing a continued high level of uncertainty in some areas where it has a significant presence, e.g. the Middle East.
Copyright (c) 2018 CercleFinance.com. All rights reserved.