Profit improvement for Orkla
Orkla had a solid improvement in both profit and revenues in the first quarter. Profit before tax amounted to NOK 1.7 billion, a year-over-year increase of 12%. Operating profit EBIT (adj.) rose by 5% to NOK 1.6 billion. The group’s first-quarter operating revenues totalled NOK 16.2 billion, equivalent to 22% growth.
Orkla’s Branded Consumer Goods business increased its operating revenues