Chocolate price hikes sweeten Lindt's operating profit

STORY: Chocolate shaper Lindt & Spruengli recovered consumers had the sensation for their products past year.

It reported Tuesday (March 4) a amended than expected full-year operating profit.

And that came contempt historically precocious cocoa prices.

The Swiss steadfast said choky outgo control, prices rises and ratio summation offset higher cocoa costs, and pushed profitability.

Analysts person warned the cocoa manufacture is successful for a hard twelvemonth ahead, arsenic companies look unprecedented outgo for the earthy material.

Market watchers pass this is apt to origin further terms hikes.

Lindt's net earlier involvement and taxes deed $987 cardinal past twelvemonth - conscionable up of expert projections.

Investors liked what they heard and shares jumped implicit 8%.