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Good news for Orkla

This article was originally published in Foodnews

NORDIC consumer goods giant, Orkla, enjoyed solid profit growth in the fourth quarter for 2010, thanks to improved markets and brand strength. The group saw operating profits jump 14% to NOK1.3 billion (USD225 million) in Q4 2010, compared with NOK1.2 billion in the year-ago period. Profits for the full year rose 30% to NOK3.9 billion. Looking ahead, chief executive Bjorn Wiggen said Orkla will continue to create long-term value by developing a portfolio of companies and investments.

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