THE HAGUE, March 14 (Xinhua) -- Dairy company Royal FrieslandCampina reported a record revenue of 10.3 billion euros (13.3 billion U.S. dollars) in 2012, the company said on Thursday.
Although the Dutch company continues to experience difficult market conditions in Europe, sales were up 7.1 percent compared to the 9.6 billion euros of 2011. Net profit increased by more than a quarter (26.9 percent) from 216 million euros up to 274 million euros.
FrieslandCampina benefited primarily from growth in the categories of infant and toddler nutrition, dairy-based beverages and branded cheese.
The company expects a slight growth in demand this year for dairy products, mainly by higher demand from Asia, South America, Russia and Africa. The Asian countries are already accounted for about a quarter of the company's revenue.
Cees 't Hart, CEO of Royal FrieslandCampina, explained further investments are planned to achieve more growth. "Most of the investments are taking place in the Netherlands," he said.
"And, in particularly, in the area of expanding the production capacity of infant and toddler nutrition, the segment in which the most robust growth is being achieved by responding to the increasing demand from Asia for high-quality dairy products."