Ferrero Rocher has to swallow 39% profit fall

Pre-tax profits at Ferrero Rocher’s Cork plant last year declined by 38.7% to €2.4m despite revenues increasing.

Accounts recently filed by Ferrero Ireland Ltd show that revenues increased at the firm from €42.4m to €43.2m in the year to the end of Aug 2011.

The directors state that the company’s profits at the end of August last year “were ahead of target”.