Companies / Colombia
Grupo Nacional de Chocolates Announces Rise In Profits
February 2008 | Company Finance AlertColombia's largest processed food producer Grupo Nacional de Chocolates has announced net profits of COP244.3bn (US$129mn) for 2007 - a 16% increase on 2006. The firm has expanded rapidly over the past two years, investing in new plants and buying up a variety of food firms in neighbouring Andean countries. This, along with rising purchasing power among consumers in Colombia, has allowed the firm to increase its profits by 250% in the last five
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