Spain's CAPSA Sees 17% Growth In Net Income

The Spanish dairy corporation CAPSA saw a 17% increment in its net income for 2015, reaching a total of €10.5 million, Elcomercio.es has reported.

CAPSA, which includes Central Lechera Asturiana, ATO, Larsa and Innova, took in €646 million in turnover and grew 7% compared to 2014, in a Spanish market that consumed 2% less dairy.

The president of the corporation, Bertino Velasco, saw the results as a positive, taking the the decline of 5% in national consumption over 2016 into consideration.

© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Sarah Roeder. To subscribe to ESM: The European Supermarket Magazine, click here.