US food giant General Mills said today (27 June) the steepest rise in input costs it has experienced in over 30 years weighed on its full-year earnings. For the 12 months ended 27 May, net profit slid 12.8% to US$1.57bn. Operating ...
Rosneftegaz transferred RUB 50.2 billion to the federal budget in the form of the 9 month dividends. Thus, all corporate decisions were observed in line with the governmental decree on the target funding of the energy objects building by ...
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
A revaluation of China Marine Food Group's drinks arm has pushed the food and beverage firm into the red in the third quarter. The US-listed company, which also makes seafood-based snacks and distributes frozen catch, booked a net loss of ...
Tags: China Marine Food Group, red in the third quarter, seafood-based snacks
Canadian retailer Sobeys has booked an increase in full-year profits. In the 12 months ended 5 May, net profit was up 2.3% to C$304.1m (US$296.6m). Adjusting for the additional week of operations at Sobeys in fiscal 2011, net earnings ...
Tags: Sobeys, increase profits, net earnings
Chilean retail giant Cencosud has booked an increase in earnings for the third quarter of the year. Net profit in the three months to the end of September grew 20% to CLP66.9bn (US$139.4m), the company reported today (20 November). The ...
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
Singapore conglomerate Olam International has posted a fall in annual profits but sales volumes and margins from its food business continued to grow. The company yesterday (28 August) booked a 4.6% decline in underlying net profit to ...
Tags: conglomerate Olam International, annual profits, food business
Kraft Foods has booked an increase in first-half profits, despite recording a fall in sales, thanks to productivity and price gains. In the six months to the end of June, net profit increased 4.2% to US$1.85bn. Operating profit in the ...
Tags: Kraft Foods, first half profits, fall in sales, food price
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
Shares in Canadian retailer Loblaw fell today (25 July) after the company, which had warned of lower earnings in 2012, reported a 21% drop in first-half profits. Loblaw said in February spending on its supply chain and market ...
Food sales volumes fell at Unilever in the second quarter of 2012 after an increase in the first three months of the year, highlighting the current challenging nature of the sector. Unilever, which owns food brands including Knorr stock ...
Tags: Unilever, sales volumes, Knorr, Flora butter, lower food volumes
Annual profits from Associated British Foods' grocery business, which includes Kingsmill bread and Jordans cereal, fell 23%, the UK-based group said today (6 November). Adjusted operating profit from the grocery arm, which also sells ...
Tags: annual profits, Associated British Foods, grocery business, Kingsmill
Unusual weather around the world, including the drought this summer in the US, has led Fonterra CEO Theo Spierings to forecast an increase in global dairy prices in the first half of 2013. Spierings also pointed to weather events in ...
Tags: dairy price, dairy industry, food industry, Spierings