Central European Distribution Corporation has reduced its outlook
for the coming financial year because of a charge for the
re-evaluation of a deferred tax asset.
Cranberry company Northland posts a $4m profit in its fiscal fourth
quarter, an improvement over the prior year's net loss, and says it
market share is on the rise.
Already burdened with losses of €1bn under Dutch accounting rules,
retailer Ahold has today reported that the US accounting system has
effectively pushed it even further into the red - some €4.3bn to be
precise. And there is little...
Burgeoning private agribusiness Cargill saw net earnings slip in
the first quarter of 2004, but performance remained on track
topping last year's figures by a wisp.
Embattled Dutch retailer Ahold has finally published its
long-awaited audited results for 2002, revealing the full effect of
the widespread accounting fraud unearthed earlier this year - a
loss of over €1bn.
Australia's largest food and ingredients company Burns Philp &
Co saw net profit rise by 16 per cent to A$170.0 million (€100m)
for the fiscal year ended June 30 but earnings were impacted by
acquisitions - not least Australia's...
Swiss flavours and fragrance company Givaudan saw operating profit
for the first half of 2003 knocked by lower gross margins and a
rise in pension charges.
Dutch life science company DSM saw net profit for the fourth
quarter of 2001 rise to €1,031 million from €119 million in the
fourth quarter of 2000, largely due to the sale of the depositary
receipts. Profit on 4Q ordinary activities...
Despite sharp rises in raw material prices, Swiss chocolate
manufacturer Barry Callebaut reports a slight profit and dividend
increase on a decent sales growth for its 2001/02 business year.
For product innovation, read premium products.
German sugar producer Suedzucker last week reported that sales fell
7.4 per cent in the first half ended 31 August, but operating
profit rising 18 per cent.
Bunge, the world's largest oilseed processor, which recently
acquired a 55 per cent stake in rival French-based Cereol, said
yesterday that quarterly earnings rose sharply as a slump in the
Brazilian currency helped boost the...
Pharmaceuticals giant Roche has reported a 28 per cent fall in net
profits for the first half, but stuck with its forecast of a return
to double-digit growth in 2003.
Australian yeast and natural ingredients company Burns Philp this
week reported a healthy 65 per cent jump in net profit to A$146.2
million (€80m) for the fiscal year ended 30 June 2002, despite a
drop of 2.1 per cent in sales to...
The Dutch group reported a rise in operating profit for the first
quarter of 2002 from the fourth quarter last year, an increase of
€27 million to €93 million, although net profit was still 36 per
cent below the same period last year.
French food group Danone reported a steeper than expected drop in
net profits on Monday, hit by charges for restructuring its
biscuit-making business and an early writedown of goodwill related
to its planned sell-off of Italian unit...
Anglo-Dutch food company Unilever this week reported faster growth
in the leading brands, strong expansion of operating margin and
strong progress for the fourth quarter of 2001.
Japanese food company, Ajinomoto Co. said this week that it will
boost its production capacity of amino acid lysine in a move to
focus on its core businesses to strengthen its bottom line over the
mid-term.
Australian food ingredients producer Burns Philp & Co. said on
Wednesday that fiscal first half profit climbed 16.7 per cent to
A$67.8 million (€39.9m) as the company trimmed costs and boosted
earnings from some offshore operations,...
Swiss industrial chocolate producer Barry Callebaut AG on Tuesday
reported 2000/2001 results in line with analysts' expectations and
maintained its medium-term targets while raising its dividend.
Japan's top soymilk producer, Kibun Food Chemifa Co Ltd, said on
Friday it would quadruple its net profit this fiscal year to a
record 630 million yen.
German chemicals maker BASF said on Tuesday its net profit rose 21
per cent in the third quarter from the same period a year earlier,
boosted by the sale of its drug unit.
In a month when many companies in the food industry have reported a
downturn in profits Swiss flavour and fragrance company Givaudan
boasted healthy results.
Numico NV is expected to report a 21 per cent rise in first half
net profit before goodwill this week, bolstered by acquisitions and
a strong performance in its baby food and hospital feeding units.
Corn Products International Inc., a corn refiner and supplier of
food ingredients, said that Q2 net income fell 21 per cent, as high
energy costs and weak currencies more than offset strong volume
growth.
Danish sugar and food ingredients group Danisco on Wednesday posted
a slight drop in year earnings but still beat expectations and
forecast sustained...
Dole Food Co., the largest U.S. fresh fruit and vegetable producer,
on Monday forecast improved second quarter earnings benefiting from
cost cutting measures.
ConAgra, the US agribusiness and food products group, said it would
have to restate its figures because of accounting irregularities
which are being probed...
Remy Cointreau, the French spirits group, reported on Thursday a
rise of 8.1 per cent in its revenues for its 2001 fiscal year,
helped by the purchase...
Japanese food processor Marudai Food Co. said this week that it is
likely to record a group net loss of 20.7 billion yen (US$ 165.8
million) for the 2000...
Danone, the French foods group, on Tuesday reported a 5.7 per cent
rise in 2000 net profits, helped by a higher revenue from its
drinks and dairy products...
U.S food group Hormel Foods Corporation announced on Wednesday a
healthy financial performance with record net earnings and dollar
sales. The group reported...
