Rieber & Søn Posts Strong Q2 Results

Norwegian food conglomerate Rieber & Søn has reported strong results for the second quarter of 2008. Over the period Rieber & Søn's net sales increased by 7.1% compared to the same period a year ago reaching NOK1213mn (US$226mn). On an organic basis, sales increased by 5.8%, with the remainder of the increase accounted for by favourable currency movements. Meanwhile, the company's earnings before interest, tax, depreciation and amortisation - a popular measure of cash flow - increased by 28% to reach NOK114mn

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