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MOROCCO: IFRS switch hits Centrale Laitiere profits.

Publication: just-food.com
Publication Date: 24-MAR-09
Format: Online
Delivery: Immediate Online Access
Full Article Title: MOROCCO: IFRS switch hits Centrale Laitiere profits.(Financial report)

Article Excerpt
Byline: just-food.com

Centrale Laitiere, the Moroccan dairy product maker, saw full-year earnings inch up 2% in 2008 as property taxes weighed on strong sales.

The company, in which Danone holds a 29.2% stake, posted net profit of MAD467m (US$56.5m). Operating profit climbed 21%, with turnover rising 17% to MOR5.26bn....

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