A "strong" performance from Glanbia's nutrition ingredients business has led the Irish food group to lift its forecast for full-year earnings. Glanbia said it expects its adjusted earnings per share to increase 8-10% on a ...
Tags: Glanbia, nutrition ingredients, earnings, food industry
Russian grocery retailer Magnit has booked a 142% jump in first-half profit, driven partly by higher sales. Magnit said today (24 July) its net profit for the six months to the end of June rose to US$339.6m. Sales increased by 33%, ...
Tags: Magnit, grocery, profit, company news, sales
Canadian dairy firm Saputo has recorded a drop in first-half profits, hurt by "unfavourable" market conditions in the US and an increase in the cost of milk in California. Earnings amounted to C$251.5m (US$251.8m) in the six ...
Tags: Saputo, milk price hike, dairy firm
Kazakhstan Today reported that CAT oil AG, one of the leading providers of oil and gas field services in Russia and Kazakhstan, announced its results for the Q3 and the first 9 months of 2012. According to iStockAnalyst.com, the Company ...
Tags: steel scrap buyers, stainless steel, buy steel pipe, iron ore price news
At their EGM held on November 30th 2012, the shareholders of OJSC Rosneft elected a new Board of Directors now consisting of 9 members. The new Board of Directors is as follows: Mr Matthias Warnig MD of Nord Stream AG; Mr Mikhail V ...
Tags: OJSC Rosneft, oil company, IFRS
In the Q3, revenue of the European division declined by 22% to USD 75 million compared to the prior quarter due to lower sales and pricing of seamless pipe as a result of challenging macroeconomic conditions that persist in the European ...
Tags: steel scrap buyers, stainless steel, buy steel pipe, iron ore price news
South African supermarket operator Pick n Pay has booked an increase in first-half sales. In the six months to the end of August, group sales were up 5.9%, with like-for-like sales growth of 3.2%. The company said that although new ...
Tags: Pick n Pay, sales increase, first-half sales
In particular, Severstal CYBB Limited, Lybica Holding BV withdrew from Severstal's authorized capital after divestment of their stakes. Holdgrove Limited acquired the right to own 3.2% of Severstal shares Holdgrove Limited increased its ...
Tags: Severstal CYBB Limited, mining enterprises, gold mining assets
Russian retailer O'Key has recorded an increase in half-year profits on the back of higher sales. Earnings in the six months to the end of June climbed 36% to RUR1.47bn (US$45.5m), the group reported today (30 August). EBITDA amounted to ...
Tags: O'Key, retailer, half-year profits, higher sales, selling space
Brazil-based meat processor JBS has reported a first-half profit of over BRL285m (US$140.6m), swinging from a loss of BRL34m a year earlier. An expansion of JBS's domestic beef capacity and a move into poultry in its home market ...
Marfrig has reported higher quarterly profits as the Brazilian meat processor increased its focus on value-added products and disposals and lower financing costs boosted its bottom line. Net income in the first quarter of 2012 rose ...
Tags: Marfrig, higher quarterly profits, lower financing costs
Brazilian beef group JBS has booked an increase in third-quarter profits as sales rose by almost one-quarter in the period. The company said net profit rose to BRL367m (US$178m) in the three months, up from a loss of BRL67.5m in the ...
Tags: beef group, net profit, better equilibrium
Ocado today (26 June) said first-half profit before tax was "in line" with last year as the group booked a jump in sales. The UK online retailer booked pre-tax profit of GBP0.2m (US$0.3m) on gross sales which were up 12% to GBP332.3m. ...
Tags: Ocado, first-half profit, UK online retailer
Poundland, the UK-based single price value retailer, has booked an increase in full-year profits as value-conscious shoppers continued to visit its stores. In the 53 weeks ended 1 April, EBTIDA climbed 26.5% to GBP40.1m (US$62.9m), while ...
Tags: profits, retailer, Pound land, Turnover
Norwegian conglomerate Orkla has booked a decline in first-half profits from its FMCG division. The loss of contract production in the second half of 2011 had a negative impact on the unit's earnings in the six months to the end of June, ...
Tags: Orkla, consumer goods, first-half profits