India’s Britannia Industries Ltd, a dairy and bakery supplier, has reported consolidated third quarter revenue growth of 10%, and 12% for the year up to December 31, 2015, at $325.4m (Rs. 2,224 crores) and $939m (Rs. 6,417 crores) respectively.
DuPont is reaping the benefit of its €5bn 2011 acquisition of Danish probiotics and enzymes giant Danisco, with its nutrition and health division showing 23% profit growth in a “sluggish” world market.
Despite an overall fall in revenue and profit in Q1 FY 2015, sales of General Mills yogurt, driven by its Yoplait Greek and Greek 100 offerings, jumped 34%.
Core activity profit fell 30% in 2012 at Swedish probiotics supplier BioGaia – although a cash-rich, five-year licensing deal with Nestlé kept overall figures high even as that very deal simultaneously destroyed margins in its cultures business.
Higher cheese prices and profits from property sales helped Dairy Crest to a strong financial performance for the period ending September 30, according to city analysts.
Unilever has beat analysts' expectations with a 5.1% rise in underlying sales in the fourth quarter, but said operating margins were dented by commodity price hikes.
This week, Wimm-Bill-Dann posts strong half-year growth on the back of across-the-board sales improvements, Fonterra is reportedly considering increasing yoghurt production and Dairy Farmers records a profitable 2008.
The global commodity market continues to worry confectionery and
sugar firms, as AB Foods profit is dented by sugar reforms, Nestle
combats costs with price hikes, and Cadbury may be ripe for
takeover.
Unilever's European workforce will bear the brunt of the company's
proposed 20,000 job cuts over the next four years, a company
spokesperson said today.
Chr Hansen has announced plans to divest its coatings and
excipients business in order to focus on core activities in
cultures, enzymes, natural colours and flavours.
Sales at Archer Daniels Midland (ADM) increased during the
company's financial second quarter signaling a recovery from the
effects of the US hurricanes last year.
Swiss processing and packaging equipment provider SIG has reported a
significant increase in its net profits for the first half of the
year, a result that sees the company pulling itself out of the red.
The improvement came despite...
Dairy Crest has today announced its unaudited results for the six
months ended 30 September 2003. The results have revealed that the
spreads business has become the company's most profitable sector.
The company says that this...
Dutch life science company DSM today posted a net profit of €959
million. Although DSM Fine Chemicals posted slightly lower sales
and a lower operating profit, attributable to the pharma products
and aspartame businesses, DSM Food...
Dairy Crest, the UK dairy products group, has reported a 3 per cent
drop in sales for the year to March 2003 but stressed that its
branded business continued to grow strongly.
The quality of its products - and an ongoing programme of
international expansion - helped French cheese maker Bongrain to
lift its profits last year despite a decline in sales.
British sugar and sweeteners group Tate & Lyle on Thursday
reported a jump in half-year profits with underlying pre-tax profit
for the six months to 30 September rising to £126 million (€195.5
million) from €99.9m million last...
Expanding away from its traditional Moscow heartland has helped
increase sales and volumes at dairy product and fruit juice maker
Wimm-Bill-Dann - but the cost of this programme took its toll on
first half profits.
