Swiss chocolate maker says strong franc could hurt results

Zurich

SWISS chocolate maker Barry Callebaut warned on Wednesday the strong Swiss franc could hit its results, after sales revenue rose 15.1 per cent in the quarter to November helped by higher cocoa bean prices.

The Swiss National Bank stunned markets last week when it ended a three-year-old currency cap on the value of the Swiss franc against the euro, sending the currency soaring against the euro.