Saturday 13 July 2024
  • La Cimbali

Lavazza’s strong profit boosted by sale of Keurig Green Mountain stake

The consolidated net profit soared to 802 million euros ($898 million) last year from 127 million euros in 2014, thanks to the capital gain from the sale of its stake in the U.S.-based coffee company

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Demuslab

MILAN – Italy’s leading coffee roaster Lavazza Monday reported a big boost in profit for 2015, thanks to the capital gain from the sale of a stake in U.S.-based coffee company Keurig Green Mountain.

The company’s consolidated net profit soared to 802 million euros ($898 million) last year from 127 million euros in 2014, the company said in a note.

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