French dairy group Lactalis says profit falls as costs rise
Lactalis, the world’s largest dairy producer, said on Thursday its sales had risen by 28.4% in 2022 to 28.3 billion euros ($30.95 billion), but higher costs had pushed its annual net profit down by 14% to 384 million euros. A spike in food prices, partly linked to Russia’s invasion of Ukraine last year, has created tensions […]
