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
licensees.
After a slightly slow start to the year, the confectionery group
Hershey Foods, saw sales rise and the gross margin expand in the
third quarter, despite rising commodity costs.
Sun Interbrew, Russia's second largest brewer, has announced strong
six month and second quarter financial results, reflecting a
continuing rise in beer sales backed up by a strong control over
costs.
Baltika
continues its strong performance in the Russian beer market after
announcing a double digit increase in its sales volumes for the
first six months of the year. But increased expenditure on
advertising and packaging...
After a recent acquisition, new product launches and nomination as
one of the fastest growing small companies in the US, Lifeway Foods
has ended its second quarter on a high, reporting record revenues
for its functional kefirs.
Building on a stronger start to the year, Germany's third largest
chemicals group reports continued growth into the second quarter
with an increase in demand pushing up sales and earnings for the
period, reports Lindsey Partos.
Building on a stronger start to the year, Germany's third largest
chemicals group reports continued growth into the second quarter
with an increase in demand pushing up sales and earnings for the
period but the firm warned that...
Nestle's Hungarian division has announced a disappointing set of
financial results for 2003. Despite the fact that sales grew
significantly, the division was hit by the continuing strength of
the Swiss franc.
Wimm-Bill-Dann Foods has been hard hit by increased sales,
marketing and distribution costs of widening product portfolio. The
Russian dairy giant announced that its net income had fallen 40 per
cent, despite a significant increase...
Central European Distribution Corporation has announced a
substantial increase in both its net sales and net income for its
operations Poland as a result of a number of acquisitions over the
past two years. The company also says that...
Flavours and fragrance company Quest continues the battle to
restore lost business as UK parent company Imperial Chemical
Industries (ICI) reports a continuing drop in earnings for the
flavours house.
Lifeway Foods, the Illinois-based producer of kefir and other
probiotic foods, has continued to lift sales and profits in the
third quarter of the year, helped by the launch of a new product
and effective marketing.
Slacker US sales across all sectors hit third quarter results for
US Sensient Technologies with the colour and flavours company this
week reporting a slide in operating income.
US firm Technology Flavors & Fragrances continues to falter in
2003 with a 70 per cent decrease in net income for the second
quarter, a decrease in net sales of 5.7 per cent and rising
operating costs.
Sensient Technologies Corporation, US manufacturer of colours,
flavours and fragrances, reports boost in second quarter revenue,
up 9.3 per cent for same period last year.
Revenue reached $261.9 million (€233.6m) in the second quarter...
US spice maker McCormick & Company saw profits in the
second-quarter climb 19 per cent, helped by solid sales growth and
interest income from a purchase-price adjustment.
Ecolab, the global cleaning and pest elimination provider, has
announced record first quarter sales reflected largely by the
growth of its global foodservice markets.
Higher volume food and beverage flavour product sales to existing
customers contributed to a net increase for the third quarter for
flavours company Technology Flavors & Fragrances.
Danish food ingredient giant Danisco this week reported a solid
profit of DKK 940 million (€126.4m) in preliminary results for the
year ending 30 April 2002.
Acquisitions in the ingredients and sweeteners sector boosted
sales...
Dotcoms in the food industry may have received a few blows in the
past year but there are signs that recovery is near. This week
ecFood, an e-commerce platform for the food and beverage industry,
announced that 2001 was an exceptional...
Dole Food Co. Inc., the largest U.S.fresh fruit and vegetable
producer, reported that higher banana prices, fresh fruit sales and
cost-cutting upped second-quarter profits, but warned that the
third quarter might not meet forecasts.
Hungarian canned food maker Globus on Monday posted a pre-tax
profit of 327.6 million forints ($1.15 million) in the first five
months, compared with...
