Swedish confectioner Cloetta has today (24 August) reported higher half-year losses, hit by higher commodity costs but also its merger with rival Leaf International. Cloetta booked a loss of SEK241m (US$36.5m) for the six months to the ...
Tags: Cloetta, operating profit, operating loss, sugar
Canadian food manufacturer Maple Leaf Foods has booked a drop in first-half profits. In the six months to the end of June, net earnings amounted to C$33.3m (US$33.2m), a 5.2% decline on the prior year. Adjusted operating earnings, ...
Tags: profits, food manufacturer, food, net earnings
Russian meat processor Cherkizovo has reported a jump in first-half earnings as profits from each of its three businesses increased. Net income was up 56% to RUB2.95bn (US$94.4m) for the period to the end of June. Operating income ...
Tags: Meat, meat processor, Net income, meat processing
Hain Celestial has posted "record" full-year financial results on a significant day in the US company's recent history. The company booked a 44% leap in annual net income for the year to the end of June. Operating profit increased 36.3%. ...
Tags: Hain Celestial, financial result, food company, food industry
Sharp is expected to sign an agreement by the end of November with Qualcomm US based Intel and Qualcomm considering joint investment of about JPY30bn ($369m) in the struggling Japanese electronics firm Sharp. Sharp is expected to sign ...
Tags: Intel, Qualcomm, low-temperature polysilicon, IGZO display
US distributor United Natural Foods (UNFI) has booked an increase in earnings for fiscal 2012. In the 12 months ended 28 July, net profit amounted to US$91.3m compared to $76.7m a year earlier, the company reported today (11 September). ...
Tags: United Natural Foods, earning rise, food market, food industry
Australian food manufacturer Goodman Fielder is to shut three bakery facilities in a bid to create a "more sustainable business" in the sector. Goodman Fielder, which is undergoing a major review of its operations to make it more ...
Tags: Bakery Plants, Profits, bakery facilities
Applied Materials,the No.1 supplier of semiconductor manufacturing equipment,is to cut 900 to 1,300 jobs representing 6%-9%of its workforce via a voluntary retirement and other programmes. The cuts come in a weak year for semiconductor ...
Tags: Applied Materials, semiconductor, retirement, No.1
Dairy giant Fonterra has lowered its forecast for annual earnings in its next financial year, blaming currency fluctuations and "difficult" trading conditions in Australia and New Zealand. The New Zealand company said today (28 August) it ...
Tags: Dairy giant, Dairy, net profit, Fonterra
US canned foods firm Seneca Foods has reported an increase in half-year sales, with price hikes offsetting a fall in volumes. Seneca, which owns the Libby's and Stokely's brands, yesterday (25 October) booked a 1.5% increase in net sales ...
Tags: canned foods, Libby's and Stokely's brands, licencing deal
US canned vegetables maker Seneca Foods returned to profitability in its first quarter, despite recording a drop in sales. Earnings in the three months ended 2 July amounted to US$8.2m compared to a net loss of $8m in the prior-year ...
Elpida had filed for bankruptcy protection in February this year A US Court will review bankrupt Japanese chip maker Elpida Memory's planned patent deals. In July this year, US based semiconductor firm Micron Technology had agreed to ...
Tags: bankruptcy protection, Elpida, memory chip, mobile devices
Both firms will co-operate in developing next-generation displays for mobile phones and tablet computers US based chipmaker Qualcomm will invest about JPY9.9bn ($121m) in the struggling Japanese electronics firm Sharp which could be used ...
Tags: displays, mobile phones, tablet computers, Qualcomm
Dole Food Co. has reported a smaller third-quarter loss - but its shares fell after Wall Street forecast a profit. The produce group booked a net loss of US$13.9m, or a loss per share of $0.06 for the quarter to 6 October. However, ...
Tags: Bottom Line, Shares, packaged food business
Belgium-based Ter Beke has reported a sharp drop in half-year profits, due to higher raw material costs and one-off charges. For the six months to the end of June, the meat and ready meals group said net profit sank by 31% on the same ...
Tags: Net sales, EBITDA, net profit