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Largest Smelter Sees Big Profits
Oct 31, 2016Baosteel Group, the largest steel smelter in China by output, has predicted yearly profit growth of six to eight fold this year. The company registered 8.1 billion yuan ($1.2 billion) of profits in the first three quarters, up 174.6 ...
Tags: Iron, Steel, Steed Bar, Medium Plates, Cold-Rolled Sheets
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Cattle Cycle Dictates Where Cattle Prices Are and Where They Should Be Going
Oct 28, 2014Remember the "Cattle Cycle?" It essentially dictates where cattle prices are and where they should be going, as it's done for around 150 years. So, will the arrival of this latest impending reversal in the natural market cycle be any ...
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Japanese Companies Are Expected to Maintain Profit Growth
May 9, 2014Listed Japanese companies as a whole are expected to maintain profit growth in the fiscal year ending March 2015, but management, concerned by the recent sales tax hike and emerging-market slowdowns, have issued conservative earnings ...
Tags: Electrical, Electronics
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China's Outbound Investment in The Mining Industry Fell 10.9 Percent Year-on-Year
Nov 6, 2013Weak commodity prices, a shifting investment environment, and problems with governments and workers prompt Chinese mining companies to slow their expansion abroad, reports Du Juan from Tianjin Chinese investors in overseas mining projects ...
Tags: Metallurgy, Mineral, Energy
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HP Confirmed Wednesday That Its Revenue Will Decline Slightly Next Year
Oct 11, 2013It doesn’t take much to please Hewlett-Packard’s investors these days. HP confirmed Wednesday that its revenue will decline slightly next year, but the mention of “pockets of growth” sent hearts aflutter. HP is ...
Tags: HP, Hewlett-Packard
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Price Rises Are on The Agenda in The New Year as Businesses Seek to Retain Profits
Jun 5, 2013After their expectations reached a 24-year low in the previous quarter, businesses are indicating that price rises are on the agenda in the new financial year as they seek to retain profits while compensating for cost pressures and low ...
Tags: Service, Bank, Price Expectations
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United Natural Foods Has Cut Its Full-Year Profit Outlook
Feb 27, 2013US distributor United Natural Foods has cut its full-year profit outlook, despite booking an increase in first-half profit. The company today (26 February) booked an 18.8% increase in profit in the six months ended 26 January, to ...
Tags: Natural Foods, Foods, profit
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Australian Businesses Pulled Back Their Profit Expectations for The Coming Months
Feb 7, 2013Australian businesses have pulled back their profit expectations for the coming months as they anticipate modest sales activity, difficult trading conditions and subdued consumer activity. After showing signs of optimism leading into the ...
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Lindt & SprüNgli Has Reported a 7% Rise in Net Sales for 2012
Jan 16, 2013Chocolate maker Lindt & Sprüngli has reported a 7% rise in net sales for 2012 and estimated that profit margins widened during the year. For the 12 months to the end of December, Lindt reported sales of CHF2.67bn (US$2.8bn), ...
Tags: Chocolate maker, Lindt, profit
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TreeHouse Foods Has Cut Its Full-Year Earnings Guidance
Dec 11, 2012US own-label firm TreeHouse Foods has cut its full-year earnings guidance as it announced plans to shut its soup and salad dressing facilities. TreeHouse this morning (8 August) lowered its full-year adjusted profit outlook to between ...
Tags: TreeHouse Foods, soup and salad dressing facilities, operating profit
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Diamond Foods Appoints David Colo to Newly-Created Position of Executive Vice President
Dec 11, 2012Diamond Foods has appointed David Colo to the newly-created position of executive vice president, global operations and supply chain. Colo will be responsible for global manufacturing, procurement and supply chain, reporting directly to ...
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B&G Foods Has Booked an Increase in Third-Quarter Income
Dec 10, 2012B&G Foods has booked an increase in third-quarter income, boosted by price hikes and the contribution from acquisitions. The US company said yesterday (18 October) net profit increased to US$16.9m from $12.1m in the comparable period of ...
Tags: Pricing, Acquisitions, Profits
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Honda Motor's Q1 interests quadruples
Dec 4, 2012Japanese carmaker Honda Motor’s net profit quadrupled during the April-June 2012 quarter (Q1) to JPY131.72bn ($1.62bn) when compared to the JPY31.80bn ($406m) recorded during the Q1 2011. The rise in profits was attributed to the ...
Tags: Honda, Q1, net profit
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Heinz Reaffirms Previously Announced Fiscal 2013 Full-Year Sales and Profit Outlook
Nov 20, 2012Heinz reaffirms previously announced Fiscal 2013 full-year sales and profit outlook. Reconciliations of non-GAAP amounts are set forth in the attached financial tables.Results excluding productivity charges in Fiscal 2012 represent the ...
Tags: Heinz, sales, profit, food giant
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Hershey Has Raised Its Full-Year Profit Outlook Despite Reporting a 10% Drop
Oct 26, 2012US confectioner Hershey has raised its full-year profit outlook despite reporting a 10% drop in third-quarter earnings. In the three months to the end of September, net profit slumped 79.8% to US$176.7m, while EBIT fell 6% to $301.7m. ...
Tags: confectioner, Hershey, raised profit outlook, net profit, slumped