PURE.L Share News (PURE)

PURE.L Information

There is currently no data for PURE

Pure Circle unveils sweet half-year results

Wed, 13th Mar 2013 09:19

PureCircle posted an 80 per cent increase in half-year sales Wednesday, driven by demand for the company's high purity stevia sweeteners and natural flavours.Sales for the last half of 2012 came to $27.4m, compared to $15.2m in the previous six-month period. Stevia sweeteners and natural flavours contributed $26m of the sales with growth recorded in Europe, the Middle East, Africa, Latin America, Asia Pacific and the US. Gross profit rocketed to $5.2m, up from $1.7m in the prior half, reflecting increased volumes and sales.Earnings before interest, tax, depreciation and amortisation came in at a loss of $0.5m, a $8.1m or 94% improvement on the first half, as the company reduced its expenses and enhanced its gross margin by $3.5m.PureCircle also cut its net debt from $70.7m to $66.3, as it secured 200 new customers boosted by strong performance in Europe and the Americas."Our strategy of having a fully controlled, vertically integrated supply chain from leaf to finished products, of successfully developing and introducing to the market new proprietary natural sweeteners and flavours, of investing in applications and formulations as well as in global marketing and customer service capabilities, is beginning to yield results as can be seen by our performance in the first half of this fiscal year," Group Chief Executive Officer, Magomet Malsagov, said. He said new long-term supply and joint development agreements with major global food and beverage companies have been signed, including deals to provide sweeteners and flavours for carbonated soft drinks.Looking ahead, the company expects revenues to grow on the back of demand in food and beverage as the industry works to reduce calories in products.RD

More News

1 Nov 2016 08:53

PureCircle unveils Gary Juncosa as COO

(ShareCast News) - High-purity stevia ingredients producer PureCircle announced the appointment of Gary Juncosa as chief operating officer on Tuesday, with immediate effect. The London-listed company said in the role, Juncosa will report to the CEO, Magomet Malsagov, and will be driving the optimisa

20 Sep 2016 11:01

PureCircle shares down as sales and earnings rise

(ShareCast News) - Producer and marketer of high purity stevia ingredients PureCircle provided the market with its results statement for the year to 30 June on Tuesday, with sales up 9% to $138.6m, and gross margins improving to 57% from 40.3% in the year to 30 June 2015. Operating profit was up an

13 Jul 2016 15:26

DIRECTOR DEALINGS: New PureCircle CFO Sinha Buys Shares

12 Jul 2016 06:51

PureCircle Chief Operating Officer Jordi Ferre Resigns

6 Jul 2016 07:01

PureCircle Notes Strong Sales As New Malaysia-Based CFO Installed

29 Jun 2016 08:42

PureCircle's stevia imports released by the US

(ShareCast News) - PureCircle, a stevia sweetner producer, said on Wednesday its shipments which were detained by US customs and border protection (CBP) at the beginning of June have been released. The company said that it will "work actively with the CBP to effect a full resolution of the issue for

29 Jun 2016 07:09

PureCircle Says US Customs & Border Protection Release Shipments

2 Jun 2016 12:06

PureCircle warns on profit amid US border dispute over stevia

(ShareCast News) - PureCircle's shares are down almost 13% after it warned its full-year sales and profit could be hurt by a US border authorities' detention order affecting its stevia shipments. US Customs and Border Protection (CBP) has issued the order based on an allegation the shipments contain

2 Jun 2016 08:02

BUZZ-PureCircle: U.S. impounds co's low-calorie sweetener

** Sweetener maker PureCircle's shares down 12 pct pct, worst day since listing last October, after the U.S. seizes low-calorie sweetener stevia imported from China ** U.S. Customs and Border Protection says it obtained information that stevia was produced by convict labour ** PureCir

2 Jun 2016 07:52

PureCircle Says Detention Order On US Shipments Could Hit Profit

18 Apr 2016 10:20

DIRECTOR DEALINGS: Purecircle Senior Manager Sells Shares

5 Apr 2016 07:03

PureCircle Says Improving Margins To Offset "Uneven" Sales Growth

4 Apr 2016 08:20

PureCircle Appoints Former Britvic Finance Chief To Board

21 Mar 2016 11:50

DIRECTOR DEALINGS: PureCircle Executive Sells 5,000 Shares

18 Mar 2016 19:11

CORRECTED-UK sugary drink tax could be sweet for food ingredient suppliers

(Removes incorrect reference to sugar in paragraph 10) * Two-year delay seen as chance to amend recipes * PureCircle, Tate & Lyle, Kerry Group likely beneficiaries * Soft drink makers already open to changing formulas By Martinne Geller LONDON, March 18 (Reuters) - T

Latest Share Chat

PURE.L Share News (PURE)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Pure Circle unveils sweet half-year results

Login to your account

Quickpicks are a member only feature

Login to your account