French yogurt and bottled water maker Danone said its first-half earnings rose 10% after its takeover of a subsidiary in Morocco helped boost profit.
The company behind Dannon yogurt and Evian water said it made €972m, up from €881m a year earlier.
Earnings were boosted by Danone's February takeover of its Moroccan subsidiary Centrale Laitiere.
However, the company said that on an underlying basis its profit slipped 4% in the period with weak sales in Europe continuing to offset gains internationally. Rising raw material prices also cut into profit.
Danone is in the middle of a €200m cost-cutting effort aimed at reversing its falling profitability.
