UK frozen food retailer Iceland Foods has reported a 14% increase in full-year profits as it reported a solid increase in sales despite fierce competition. Iceland booked net profit before tax of GBP147.5m (US$229.8m) for the 53 weeks to ...
Tags: UK, frozen food, Iceland Foods
Commodities giant Archer Daniels Midland has booked a drop in full-year profits as record corn prices hit earnings in the fourth quarter. In the three months to the end of June, net profit fell 25% to US$284m, while operating profits slid ...
Tags: corn, corn prices, corn crop
Belgian food group PinguinLutosa has reported a profit for the first half of its current financial year as it prepares for business without potato division Lutosa. PinguinLutosa, which has agreed to sell Lutosa to McCain Foods, booked a ...
Singapore agribusiness giant Wilmar International has booked a drop in first-half profits as the group suffered losses in its oilseeds and grains business. In the six months to the end of June, Wilmar recorded a net profit of US$373m, ...
Tags: Wilmar International, first half profits, food industry, food
US pasta and pesto manufacturer Armanino Foods of Distinction has booked an increase in third-quarter profits and sales, driven by growth in all areas of the business. In the three months to the end of September, net profit climbed 16.5% ...
Tags: Armanino Foods, pasta, pesto, Foods
Net profit slides to EUR146.3m Underlying net profit, pre-tax profit rises Sales, margins improve Swiss bakery group Aryzta said that its performance for fiscal 2012 was "satisfactory" as it booked a decline in net profit, despite ...
The established markets of UK meat processor Hilton Food Group are under pressure, according to analysts, despite first-half results coming in above some expectations. The company this morning (11 September) reported flat half-year ...
Tags: Hilton, meat processor, Food Group, Food
Barry Callebaut has insisted the investments it made during the first six months of its financial year have provided it with a "good base" for future growth after it reported a fall in half-year profits. The Swiss chocolate maker ...
LUKOIL paid up the 12th coupon on the bonds of the 4th issue released in the volume of RUB 6 billion. RUB 221.4 million were transferred to the investors. The 4th issue includes 6mln bonds of 1ths rub par and 7 year maturity. It was ...
Tags: LUKOIL, bond, coupon rate, issue
Swiss chocolate maker Barry Callebaut insisted it is "confident" on the outlook for the coming fiscal year after investments weighed on the group's bottom line. Barry Callebaut booked a drop in net profit this morning, with earnings for ...
Tags: Investment, chocolate maker, chocolate
Chinese producer of corrugated cases and boards, Xiamen Hexing Packaging Printing is set to invest CNY350m ($55m) to build auxiliary facilities in Haier innovation industrial park in Foshan, Guangdong. The facilities, which cover an area ...
Tags: Auxiliary Facilities, corrugated cases and boards, Packaging Printing
ET reported that state owned aluminium producer Nalco has funded many educational institutions as part of its corporate social responsibility but no financial assistance has been given to any private university. Mr Dinsha Patel mines ...
PTI reported that the Finance Ministry has proposed to list Nuclear Power Corporation of India Ltd on the stock exchanges by selling 10% government stake. The Department of Disinvestment in the Ministry of Finance this week sought ...
China Knowledge reported that Wuhan Iron & Steel Co said that it plans to raise not more than CNY 15 billion through a rights issue. In a statement, the Shanghai-listed firm said it intends to issue no more than 4.2 billion A shares and ...
Tags: listed firm, rights issue, mineral resource, acquire
Frutarom, a flavors and fragrances company headquartered in Israel, has reported a rise in its Q2 2012 net profit by 10% to $13.5m, compared to $12.3m in the same quarter last year. For the second quarter of fiscal 2012, the company's ...
Tags: flavors and fragrances company, great resources, accelerating growth