Barry Callebaut AG (OTC: BYCBF) reported downbeat profit for the six months to February 2012.
Barry Callebaut's 1H net profit fell to CHF 116.4 million, from CHF125.7 million, in the year-ago period.
Its revenue dropped to CHF2.39 billion...
Barry Callebaut AG (OTC: BYCBF) reported a 0.6% drop in its sales in the first quarter.
Barry Callebaut's quarterly sales fell to CHF1.25 billion, from CHF1.26 billion in 2011. However, analysts were expecting sales of CHF1.36 billion.
Has Barry Callebaut's sweet tooth for Asia got the better of it? Plans to pay $950 million for the cocoa division of Singapore's Petra Foods, which means issuing up to $350 million in fresh equity, is a bold call.
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