Lindt Sees Profits Hit By Restructuring And Commodity Rises

Premium chocolate maker Lindt & Sprüngli has reported a sharp drop in profits for the first half of 2009. In the six months to June Lindt's operating profit dropped by 94% to CHF1.9mn, while net income slumped by 88% to CHF2.7mn. Even when one-off charges associated with the closure of retail outlets in the US and impairment costs in Italy are excluded, the company's operating profit still dropped by 28%, thanks to the difficult economic environment having combined with a surge in the price of key

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