Swiss chocolate manufacturer increased its profits

The Lindt & Spruengli AG, the world’s biggest maker of premium chocolate, reported full-year profit growth in line with analyst estimates as the Swiss company eliminated unprofitable products at Russell Stover following its purchase of the U.S. chocolate box maker.

Earnings before interest and tax rose 9.4 percent to 518.8 million francs (522 million USD), the Kilchberg, Switzerland-based company said in a statement Tuesday. Analysts expected 519.6 million francs, according to the average estimate. Lindt said it’s raising its dividend 10 percent to 800 francs a share. (portfolio.hu)