Saudi food producers are seeing mixed first quarter results, as Almarai announced 12% Q1 growth, while the Savola Group cut its quarterly profit forecast by half.
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.
Singapore-based Petra Foods has posted sales and profit declines in the third quarter (Q3) as it complained of weak global demand for chocolate that halved profits in its cocoa ingredients division.