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Bel makes record profits

This article was originally published in Foodnews

FRENCH cheese maker Bel has announced its best ever profits for 2007, thanks to a good performance from its international operations as well as price increases implemented throughout last year. Bel's turnover rose 11% to €2.0 billion, and net income grew 20% to €95.2 million. In addition, Bel - like rivals Lactalis and Bongrain - made a profit on its raw material sales for the first time, at €5.4 million, amid a global surge in raw material costs.


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