Arla Foods Posts Solid Results In H113
News: Swedish-Danish dairy company Arla Foods' profit increased two-fold to DKK1.05bn (US$1.39bn) in H113 ended June 2013, compared with DKK513mn (US$91.32mn) in H112. The rise has been attributed to several mergers and acquisitions during the period such as Arla's merger with UK-based dairy company Milk Link. The company's revenue increased 19.4% to DKK35.7bn (US$6.35bn) in H113 on the back of its organic growth core and growth markets. Sales also improved as a result of the mergers and acquisitions in 2012, such as the ones in the UK and Germany.