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Swiss chocolate-maker Lindt posts profit plunge in economic crisis

Thursday, March 18, 2010
AFP


GENEVA -- Swiss chocolate-maker Lindt and Spruengli on Thursday said its full-year profits plunged by over a third as the economic crisis quashed demand for premium chocolates. Currency fluctuations and record prices for cocoa also dented 2009 earnings, which fell 35.4 percent to 193.1 million francs (US$182 million), from 261.5 million francs posted for 2008, the chocolatier added.

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