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Last Updated: Tuesday, 26 July, 2005, 07:18 GMT 08:18 UK
Cadbury enjoys 'strong' trading
Dairy Milk bars
Cadbury is the world's biggest confectionary firm
Profits at the world's biggest confectionery firm, Cadbury Schweppes, have risen after the company enjoyed a "strong" start to the year.

For the 24 weeks to 19 June pre-tax profits were up 10% to 344m ($600m) with sales rising 6% to 3.1bn.

While the trading environment was set to remain "challenging", Cadbury said it expected to keep sales growing and to meet its financial targets.

Cadbury's shares closed the day up 1% at 547.5 pence.

'Varied' conditions

The company - whose products include Dairy Milk chocolate and Dr Pepper drinks - has recently been cutting costs in order to allow it to invest more in new products.

However chief executive Todd Stitzer said: "It is not just been about cost-cutting.

Many parts of the world are doing well, such as the US and Latin America
Todd Stitzer, Cadbury chief executive

"Our figures have been helped by the significant amount of growing we are doing, and our sales are up significantly."

He said global conditions for the company were "varied" with worries about the world economic situation affecting some markets.

"But many parts of the world are doing well, such as the US and Latin America," he added.




SEE ALSO:
Cadbury boosted by upbeat outlook
23 Feb 05 |  Business
Cold weather cools Cadbury sales
24 Sep 04 |  Business


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