Natra, S.A. Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2017
May 11, 2017
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Natra, S.A. announced consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company's net business turnover was EUR 86,387,000 against EUR 86,724,000 a year ago. Profit from operations was EUR 1,345,000 against EUR 4,016,000 a year ago. Loss before taxes was EUR 1,510,000 against profit EUR 957,000 a year ago. Loss from continued operations was EUR 2,011,000 against profit EUR 144,000 a year ago. Net loss was EUR 2,336,000 against EUR 1,100,000 a year ago. Loss attributable to shareholders of the main company was EUR 2,011,000 against profit EUR 144,000 a year ago. EBITDA decreased 42.1% to EUR 3.86 Million compared to EUR 6.67 Million in the same period last year.Net financial debt was EUR 152.04 million.
Natra SA is a Spain-based company principally engaged in the production and commercialization of cocoa derivates and chocolate products. The Company's product portfolio is divided into two areas: Consumer Goods and Industrial Goods. The Consumer Goods area focuses on manufacturing chocolate slabs, countlines, spreads, pralines and Belgian specialties, among others. The Industrial Goods division is responsible for cocoa grinding and distributing cocoa mass, butter and powder, bulk chocolate and chocolate powder, as well as industrial spreads and fillings, among others. The Company operates in Europe, North America and Asia. It owns a number of subsidiaries, such as Txocal Belgium NV, Natra US Inc, Habitat Natra SA, Natrajacali NV and Natra Chocolate UK Ltd.