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Tag "financial performance"

First Half Improvement But Bongrain Still Underperforming

Although Bongrain has significantly improved profitability and sales in the first half of 2010 compared to the corresponding period in 2009, the results are still below the French and international dairy group’s historic level of performance. Bongrain reported an increase in net profit from Eur13.2m to Eur37.3m in the first half of 2010 on net […]

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Stronger Second Half Performance Drives Growth at Diageo

    Stronger Second Half Performance Drives Growth at Diageo

A stronger second half performance has helped global alcoholic drinks giant Diageo to increase reported operating profit by 6.5% to £2.574b, aied by exchange rate movement, for the year ended June 30th 2010 as gains in developing international markets offset declines in the mature markets of North America and Europe. On a reported basis, net […]

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Good Performance From Glanbia as Irish Business Returns to Profit

    Good Performance From Glanbia as Irish Business Returns to Profit

John Moloney, group managing director of Glanbia.
Glanbia, the international nutritional ingredients and cheese group, has delivered strong top line revenue, profit and margin growth for the six months ended July 3rd 2010 as its Irish dairy ingredients business was restored to profit. Group profit before tax increased 58.4% to Eur60.2m on revenue up 9.7% to […]

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Strong Showing From Heineken

    Strong Showing From Heineken

Global brewer Heineken has produced a strong first half performance but remains cautious on the development of beer consumption in Europe and the US due to continued weak consumer spending and planned austerity measures across many countries. Heineken reported a 42% jump in net profit to Eur695 million, partly due to positive exceptional items, on […]

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Strong Profits Growth at Refocusing Sara Lee

    Strong Profits Growth at Refocusing Sara Lee

Despite a 0.8% drop in net sales to $10.8b, reflecting lower volume sales and prices, Sara Lee increased operating income by 88.6% to $918m in its 2010 financial year, driven by improved profits from across all of the US-based food and beverages group’s five continuing business segments. In particular, the North American Retail and International […]

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Strong First Half From Nestle

    Strong First Half From Nestle

Benefiting from deeper penetration in emerging markets of the world, the continued success of its premium products in both developing and developed markets and extra marketing investment, Nestle has increased net profit by 7.5% to SFr5.5b (Eur4.0b) on group sales up by 5.9% to SFr55.3b for the first half of 2010. Organic sales growth was […]

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Major Improvement By Zetar

Zetar, the UK confectionery and snack foods group, has reported a much improved financial performance for the year ended April 30th 2010. Turnover from continuing operations increased by 11% to £131.9m, benefiting from a focus on innovation and economy product launches.
Adjusted operating profit was up 21% at £7.3m and adjusted profit before tax rose 40% […]

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