Ghana's Fan Milk says Q1 net profit up 25 pct

ACCRA, April 29 Mon Apr 29, 2013 9:42am EDT

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ACCRA, April 29 (Reuters) - Ghana's Fan Milk Limited said on Monday its first quarter net profit rose 25 percent to 8.16 million cedis ($4.27 mln) versus 6.53 million cedis a year ago.

Revenue increased by 3.1 percent to 36.76 million cedis from 35.66 million cedis over the same period, the company said in a filing with the Ghana Stock Exchange.

It did not immediately gove a reason for the increases in profit and revenue. (Reporting by Christian Akorlie; Editing by Richard Valdmanis)

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