Aryzta shares up on 15% profit increase

SHARES at Aryzta, the world’s biggest maker of frozen baked goods rose yesterday after the company reported a 15% rise in first-half profit to €84 million.

Aryzta rose 70 cents or 4.3% to e16.95 in Dublin as sales jumped 16% to e1.57 billion.

In the six months through January operating profit at the company’s European food group rose 11% to e64.0m and by 26% to e34.3m at its north American division.