By Giulia Petroni
Danone SA said on Thursday that profit rose in the first half of the year and that all categories returned to growth in the second quarter.
The French food company said net profit in the period was 1.07 billion euros ($1.26 billion) from EUR1.02 billion the year earlier.
Sales decreased to EUR11.84 billion from EUR12.19 billion the previous year. On an organic basis, sales were up 1.6%. In the second quarter, sales grew 6.6% to EUR6.17 billion.
Danone reiterated its full-year guidance, adding it assumes a gradual reopening of the economy to continue in the second half of the year. It also said it expects a broad-based acceleration of inflation in milk, ingredients, packaging and logistics.
Write to Giulia Petroni at email@example.com
(END) Dow Jones Newswires