Ebro Sees Substantial Boost to 2012 Profit, CEO Tells Expansion

Ebro Foods SA (EBRO) will see profit improve “substantially” next year as the price of wheat and rice drops, Chairman Antonio Hernandez Callejas told Expansion.

The company may pay an extraordinary dividend, he told the newspaper in an interview. Ebro’s sales are set to rise 9.4 percent to 1.8 billion euros ($2.3 billion) in 2011, the newspaper added.

To contact the reporter on this story: Ben Sills in Madrid at bsills@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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