Nutritek Profit up 17 pct

Nutrinvestholding, the listed arm of Russian baby food maker Nutritek Group, boosted net profit by 17 percent to $26 million in the year ended March 31, 2008.

Nutritek's
revenue rose 4.7 percent to $396.9 million while earnings before
interest, tax, depreciation and amortisation rose 10.7 percent to
$75.8 million.

Nutritek raised $200 million selling a
27.4 percent stake in Nutrinvestholding through stock market
flotation in an April 2007. The company's results were calculated to
International Financial Reporting Standards.

Nutritek sold its Russian dairy
business last year for $350 million with the aim of investing
elsewhere.