Revenue

Savola has slashed its dividend after announcing an 80% fall in first-quarter profits year-on-year. (© iStock.com)

Savola Q1 profit plummets 80%, dividend slashed

By Eliot Beer

Saudi food producer Savola has slashed its dividend after announcing an 80% fall in first-quarter profits year-on-year, with food revenues falling 8.6%, brought down by its edible oil operations.

© iStock

Domty gets the cream as profits surge 355%

By Shane STARLING

Egyptian dairy producer Domty is celebrating a 355% year-on-year rise in annual profits, netting US$14.5m, just days after its highly-oversubscribed launch on the Egyptian stock market.

Image: iStockPhoto / Lemiuex

Traders pound USANA's stock over slowdown in China sales

By Hank Schultz

USANA Health Sciences reported $232.6 million in net sales in its fourth quarter, a 2.1% year-over-year increase. That amounted to $1.83 in earnings per share, but these figures disappointed analysts, and the company’s share price tumbled as a result.

KraussMaffei Group to expand in China

KraussMaffei Group to expand in China

By Jenny Eagle

ChemChina, one of China’s largest chemicals group, is set to acquire KraussMaffei Group and its brands KraussMaffei, KraussMaffei Berstorff and Netstal, for €925m.

Kerry Pinnacle supplies cake mixes and frozen products to industrial bakers, retailers and franchise shops across Australia

Kerry Group on cusp of Pinnacle sale

By Kacey Culliney

Kerry Group is in advanced discussions to sell its €160m ($181.28m) Australian bakery business Pinnacle, the company says.

Fallout in China from Nu Skin affair depresses Usana's Q2 results

Fallout in China from Nu Skin affair depresses Usana's Q2 results

By Hank Schultz

Usana Health Sciences reported flat net sales  in the second quarter of its 2014 fiscal year.  Issues in China caused the company to miss analysts’ estimates for sales and earnings, and the company’s share price took a plunge as a result.

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