Orkla ASA: Broad-based improvement for Orkla
Orkla's operating profit (EBIT adj.) increased by 19% to a total of NOK 1,178 million in the third quarter of 2016. Branded Consumer Goods achieved a 15% improvement in operating profit, which amounted to NOK 1,209 million. Orkla strengthened its operations through a number of acquisitions and internal improvement projects. Orkla's operating revenues rose by 13% to NOK 9,429 million in the third quarter. Branded Consumer Goods reported organic top-line growth of 2%. Orkla Foods, Orkla Confectionery & Snacks and Orkla Care showed improvement, while Orkla Food Ingredients delivered a