Continued improvement for Orkla
Orkla's profit before tax for the fourth quarter of 2016 increased by 42%, to NOK 1,344 million, due to improvement for the Branded Consumer Goods business and Sapa, and the sale of a property in Switzerland. Branded Consumer Goods achieved operating profit of NOK 1,249 million, equivalent to growth of 5%. The growth is primarily due to positive contributions from acquired companies and cost improvements throughout the value chain. Operating revenues for Orkla's Branded Consumer Goods business increased by 5%, to NOK 9,734 million, while organic growth was 0.1%. "Despite the strong