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Tag "profit"

Profit Jump at Weetabix

    Profit Jump at Weetabix

Helped by rising sales of cereal bars and retailer own label products, UK breakfast cereals manufacturer Weetabix has increased pre-tax profit by 26% to £97.2m for 2009 on turnover up slightly to £322m, despite the almost unprecedented trading conditions throughout the year.
Sales of the Weetabix brand slipped during the year due partly to the launch […]

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Emerging Markets Drive Heinz

    Emerging Markets Drive Heinz

Emerging markets such as China, India, Indonesia, Latin America and Russia are expected to deliver at least 20% of Heinz’s total sales by 2013, more than double their contribution of just five years ago, according to William Johnson, chief executive of the US-based global food group.
“Emerging markets are key to unlocking future growth because their […]

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FrieslandCampina Doubles Interim Profit

    FrieslandCampina Doubles Interim Profit

Dutch dairy co-operative Royal FrieslandCampina has doubled profit to Eur156m, due to improved margins and volume growth, and increased revenue by 5.5% to Eur4.3b for the first half year of 2010, compared with the corresponding period last year. Revenue growth was driven by higher sales of consumer products in Asia and Africa, sales of basic […]

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First Half Improvement at Wimm-Bill-Dann Foods

Russian dairy, food and beverages group Wimm-Bill-Dann Foods increased net income by 7.1% year-on-year to US$69.5m on revenue up 17.1% to US$1.26b for the first six months ended June 30th 2010. EBITDA rose marginally to US$159.7m from US$158.3m in the same period of 2009.
The revenue increase was driven by volume growth in the group’s dairy, […]

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Solid First Half Profitable Growth By Kerry Group

    Solid First Half Profitable Growth By Kerry Group

Kerry Group, the global ingredients, flavours and consumer foods manufacturer, has achieved strong profitable growth in the first half of 2010 with trading profit up 12.9% to Eur204m and sales revenues increasing by 6.7% and 2.7% on a like-for-like basis to Eur2.4b. Profit before tax increased to Eur162m from the 2009 first half level of […]

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Interim Profit Tumbles at Josef Manner

Josef Manner, one of Austria’s leading confectionary manufacturers, has reported a 2.4% fall in revenue to Eur72.1m for the first half of 2010. Net profit dropped to Eur1.27m compared to Eur1.84m for the corresponding period in 2009. However, the company’s performance improved markedly in the second quarter of 2010 following a weak first quarter. Family […]

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Solid First Half Performance By Emmi

    Solid First Half Performance By Emmi

Helped by rising international sales, Swiss dairy group Emmi has increased net profit by 21.5% to SFr39.9m (Eur31m) on sales down by 0.5% to SFr1.27b for the first half of 2010. The profit margin was 3.1 % and Emmi anticipates stable sales for the second half of the year, with the margin remaining at around […]

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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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Interim Profits Jump at Ter Beke

The benefits of efficiency investments and continuous cost control have helped Ter Beke, the Belgian ready meals and processed meats manufacturer, to increase EBITDA by 22.2% to Eur19.6m in the first half of 2010. Group turnover increased by 3.1% to Eur197.4m as the ready meals and processed meats divisions both increased volume sales. Net profit […]

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Efes Breweries Shows Improvement in Russia

    Efes Breweries Shows Improvement in Russia

Despite the continued adverse economic climate and the significant excise tax increase in Russia, one of its key markets, Efes Breweries International, which operates in the Commonwealth of Independent States (CIS), Eastern Europe and the Balkans, has reported higher volumes, revenues and EBITDA in the first half to June 30th 2010, marked by a major […]

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Lindt & Sprüngli continues dynamics of long-term success

    Lindt & Sprüngli continues dynamics of long-term success

Lindt & Sprüngli continues its dynamics of long-term success of the previous years in terms of growth and profit after the transitional year 2009. Consumer sentiment improved slightly as the global economy slowly stabilized and showed the first visible signs of an upswing. Although most chocolate markets reported moderate growth in value terms over the […]

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Cadbury Acquisition Drives Profit at Kraft Foods

    Cadbury Acquisition Drives Profit at Kraft Foods

The acquisition of Cadbury has helped Kraft Foods to report higher than expected second quarter profit despite a decline in its North American sales. Cadbury contributed 91% of the 25% rise in the US-based food and beverage giant’s net revenues to $12.3b during the quarter.
Kraft Foods’ operating income increased 16.8% to $1.70b, including a favourable […]

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Sold Performance By Milk Link

    Sold Performance By Milk Link

Milk Link has increased profit before tax to £10.6m for the year ended April 3rd last from £0.5m in 2009, when the British dairy co-operative incurred exceptional charges of £9.6m. EBITDA rose by 1.7% to £28.7m and turnover edged up 0.5% to £550m. The profit attributable to co-op members was £10.1m.
The amount of milk handled […]

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Improvement at Loss-making Bernard Matthews

    Improvement at Loss-making Bernard Matthews

UK turkey processor Bernard Matthews has reported a loss before tax, but after exceptional items, of £4m for the year ended January 3rd 2010 on turnover from continuing operations down slightly from £335.1m in 2008 to £330.5m. However, operating profit from continuing operations before exceptional costs rose to £2.5m, from £0.9m in 2008, as initiatives […]

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AG Barr Sparkles as it Breaks £200 Million Sales Barrier

Having broken through the £200 million sales barrier and lifted profits by 20% while significantly outperforming the UK soft drinks market in its 2009 financial year, Glasgow-based AG Barr has now commenced a £10 million expansion programme at its Cumbernauld site in Scotland.
According to AG Barr, the UK soft drinks market, in contrast to the […]

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Arla Foods Invests For Growth

    Arla Foods Invests For Growth

Having been forced by the severe economic environment in 2009 to make cuts across its business, Arla Foods has substantially increased its investment budget for 2010 to DKr1.84 billion (Eur250 million) as the Scandinavian dairy giant again focuses on expansion.
In addition to marketing expenditure to drive sales growth, the investment budget has earmarked funds for […]

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