JBS suffered a mammoth 80% year-on-year drop in income for the second quarter of the year, due to growing net financial expenses.
Sales of ECO Animal Health Group’s (ECO) flagship antibiotic Aivlosin has helped the UK-based firm record a 75% pre-tax profit rise.
Swiss dairy company Emmi has released its year-end results, which showed earnings before interest and taxes (EBIT) rose by 7.3 % to CHF 202.7m ($204.2m).
Brazilian meatpacker JBS has posted a 74% drop in third-quarter profits after the “most challenging period” in South America.
Saudi food producer Savola has slashed its dividend after announcing an 80% fall in first-quarter profits year-on-year, with food revenues falling 8.6%, brought down by its edible oil operations.
Savola’s full-year profits were down 13.5% on 2014 at US$478m thanks to a subsidiary sale, as Q4 profits beat analyst predictions, and the firm announced a new CEO appointment.
Saudi food giants Savola and Almarai reported very different Q3 results, with Savola’s profit dropping 47% to US$99m, and Almarai’s up 10.3% at US$158.7m, but both missing analyst’s forecasts.
The Savola Group saw profits fall 15% in its second quarter, and warns full-year profits could be down 10%, because of oversupply of commodities and a larger retail sector.
Egyptian dairy and juice producer Juhayna saw profits rise 64% year-on-year to US$8.3m in its second quarter, with total revenue of US$140.6m, up 16%.
Saudi food producer Almarai announced a 22.4% rise in profits to reach US$141m for its second quarter, with increased sales, but also a US$87.5m write-down of its subsidiaries.
Profits at Danish Crown have increased by 28% in the first half of the 2014/15 financial year, due in part to the takeover of the remaining 50% of leading Polish meat producer Sokołów last year.
Saudi food producer Almarai saw its full-year profit rise 11.5% to US$445m, with total sales of US$3.35bn for the year.
Danish Crown has seen revenue slip slightly on last year’s figures in its latest financial statement, from DKK 58,164m (€7,824m) in 2012/13 to DKK 58,029m for the current financial year.
Barry Callebaut CEO Juergen Steinemann will resign next year after his company posted revenue and net profit growth in fiscal 2014.
Barry Callebaut has returned to net profit growth in its half year results as it further integrates the cocoa ingredients business acquired from Petra Foods.
Flavours and fragrance firm Symrise AG has said it is on track to remain one of the most profitable companies in its sector, reporting strong sales and earnings growth in the third quarter.
International firm cuts Russian pork production
A leading international meat processor announced today that it will “discontinue” its primary pork production in Russia and all other production operations in Moscow.
Dominant France-based supermarket chain Carrefour has reported strong sales in its half-year results.
Flavour and fragrance firm Symrise has reported a 7% rise in its net annual profit despite increased raw material prices and start-up costs for the doubling of its menthol capacities.
Russian meat manufacturer Cherkizovo Group has reported strong performance in the first half of 2012, with rising demand for poultry and high pork prices helping to drive profits.
Associated British Foods (ABF) has said that its full year results will include a £100m (€125m) impairment charge for its Australian meat business – although it expects second half earnings to be in line with expectations.
DuPont benefited from last year’s acquisition of Danish specialty food ingredient company Danisco in the fourth quarter of 2011, as revenue more than doubled in its nutrition and health business – although the chemical group’s overall profit fell slightly.
Sugar and fruit concentrates spur Südzucker profit jump
German ingredients group Südzucker reports a sharp rise in profits for the first half of its financial year, citing gains from its sugar and fruit segments as being particular growth drivers.
Natural focus helps Frutarom widen its margins
New, mainly natural, products with higher than average margins have helped flavour and specialty ingredient firm Frutarom to widen its overall margin performance in the third quarter.
Nutrition helps DSM to strong third-quarter results
Strong performance in DSM’s nutrition segment helped the company achieve third-quarter operating profit of €185m; up 28 per cent on the €144m reported in the same quarter of last year.
Confectionery fats delivering growth, claims AAK
The chocolate and confectionery fats division showed strong seasonal volume improvements, claims leading oil and fats supplier AarhusKarlshamn as it releases third quarter financial results for 2010.
Cognis volumes return to pre-recession levels
Cognis has revealed that sales volumes in the first quarter of 2010 have almost returned to the pre-recession levels of early 2008.
Danisco sweetener sales leave a bitter mark on profit forecasts
Danisco plans to write-down the remaining goodwill of DKK 700m in sweeteners, after the division recorded another big drop in quarterly revenues.
Finsbury Foods positive despite profit drop
British cake manufacturer Finsbury Foods have reported a net profit drop of 45 per cent for H2 of 2008, but remain bullish with revenue up by 11 per cent.
CPI reports strong growth in Q1 based on pricing advantages
Corn Products International has reported a 29 percent growth in net
revenue for the first quarter ended March 2008, over the same
quarter of the prior year, driven largely by its performance and
pricing in the Americas.
Barry Callebaut reports strong quarter sales
Barry Callebaut has reported strong sales for first quarter of
fiscal year 2006/07, months after announcing a new organisational
Danisco earnings 'progressing as planned'
Danisco's first half performance for 2006/7 has been 'as expected',
said the company.
Novozymes raises earnings outlook after strong results
Novozymes has reported 'highly satisfactory' results for the first
nine months of 2006, enabling the enzyme giant to adjust the
outlook for earnings upwards.
Cargill food ingredients lag strong overall results
Leading US ingredient firm Cargill last week reported strong fiscal
year earnings, although the performance of the firm's food
ingredients business lagged the year-ago level.
MGPI to revamp food ingredients division after slow sales
MGP Ingredients (MGPI) is set for a major overhaul in its
ingredients operations, after disappointing results in the segment
for the company's fiscal year prompted it to announce that it will
review its entire ingredients business.
ADM year profits up on good corn, oilseed results
Agri-giant ADM has reported strong earnings for the year, boosted
by increased demand and higher prices for its sweetener and starch
Barry Callebaut on solid financial ground
Leading chocolate manufacturer Barry Callebaut has reported an
increased operating profit (EBIT) of 14.6 per cent for the first
nine months of fiscal year 2005/06.
Cargill outlook downgraded to negative
Cargill's Rating Outlook has been revised to Negative from Stable,
reflecting concern that higher capital expenditure will slow debt
Tate & Lyle shares slide despite encouraging update
Tate & Lyle's latest trading update is encouraging, but it
underlines how challenging life is in the shadow of the EU's new
Chocolate consumer unit cuts into Barry Callebaut profit
Barry Callebaut, the world's largest supplier of bulk chocolate,
plans to cut costs in Europe as the Swiss firm posts a fall in
revenue for nine month figures.
Chr Hansen, profits rise despite slowdown in US market
Danish ingredients group Chr Hansen, shortly to be sold to private
equity firm PAI, posts a small rise in revenue and a decent boost
in pre-tax profit for the nine months to May, reports Lindsey
Sensient sees small rise in Q4 earnings
Flavors company Sensient Technologies said last week that
fourth-quarter earnings rose 2.5 percent, lifted by foreign
exchange rates and higher profit from sales of traditional flavors
in Europe and North America.
Imperial Sugar forecasts difficult year
Imperial Sugar yesterday (Thursday) announced a higher
first-quarter profit, but predicted that operating income would
fall significantly in 2005 as the sugar industry remains
challenging, reports Philippa Nuttall.
Monsanto sells more seed despite legal wranglings
Biotech giant Monsanto announced a smaller net loss for the first
quarter of 2005 than the same period last year thanks mainly to
increasing seed sales, but legal problems are still proving
expensive for the company.
Martek confirms solid 2004
Martek Biosciences last week announced its year-end results, noting
increased revenues and "robust growth" due primarily to higher
sales of nutritional products to the company's infant formula
Cyanotech on target despite Japanese weather
Cyanotech, the Hawaiian based nutraceutical firm, which saw a
return to profitability in fiscal 2004, appears to be benefiting
from growing public awareness of the health benefits of its
products, reporting solid results for the second...
Spice is right for McCormick
Profits in the fourth quarter lept 9 per cent for US spice company
McCormick, helped by cost-cuts, new acquisitions and improved
supply chain efficiencies.
Northland on the upward curve
Back from a plunge in revenues last year, US cranberry processor
Northland Cranberries saw profits bounce back in the first quarter
Price strategy pays off for Barry Callebaut
The world's top supplier of industrial chocolate to the
confectionery industry delivered a solid set of first quarter
figures yesterday with net profit rising by 17 per cent, boosted by
the integration of recently acquired US...
Excellent first half from Colruyt
Belgian retail group Colruyt has posted impressive first half sales figures
despite ongoing troubles at some of its non-food units.