Italian dairy giant Parmalat Finanziaria SpA, which has operations around the world, said Tuesday that its earnings before taxes rose by more than a third in the first half of 2005 as the organization raised profitability at all its units.
Parmalat said it had about $125 million in pre-tax earnings during the first six months of 2005, up from $93 million in the same period a year earlier. Revenue declined to $2.36 billion from $2.39 billion in the first half of 2004 following its massive fraud scandal.
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