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...
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...
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.
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...
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...
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
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,...
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