12 Oct 2015 10:35
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Don't have an account? Click here to register.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
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14 Sep 2015 14:58
10 Jul 2015 15:03
PureCircle appoints former Pepsi executive to board
(ShareCast News) - Stevia producer PureCircle has picked up former Pepsi executive Mitch Adamek as a board member. The AIM-listed company said in an announcement that it had also appointed Guy Wollaert to its board. Wollert was also a non-executive director of Wayne Farms LLC, which is the sixth la
Read more6 Jul 2015 11:56
Purecircle expects full-year results to be in line with expectations
Provider of natural sweeteners to the global food and beverage industry PureCircle said its sales for the second half of the year will rise despite a hit from the weakening of certain sales currencies. The company expects sales to be $84m during the second half of the year and not less than $127m fo
Read more15 May 2015 00:00
Singapore's Olam Q1 net profit falls 92 pct on one-off items
SINGAPORE, May 15 (Reuters) - Singapore-based commodity firm Olam International Ltd said on Friday that net profit for the three months ended March 31 tumbled 92 percent to S$31.3 million ($23.7 million) due to one-time items. Olam said an exceptional gain from the revaluation of its stake
Read more16 Mar 2015 08:21
PureCircle annual operating profits rise on higher revenue
Sweetener producer PureCircle's annual operating profits rose as revenue was driven higher by having its product incorporated into Coca-Cola, Pepsi and other carbonated drink products. The group reported an annual net loss of $899m (£608.4m), a 52.7% decline from the previous year, while earnings be
Read more5 Jan 2015 08:18
London open: UK stocks rise ahead of data-heavy week, M&S falls
After an initial dip, UK stocks pushed into positive territory early on Monday as traders returned to their desks after the festive holidays in an optimistic mood. London's FTSE 100 index was up 0.4% at 6,571, quickly bouncing off an intraday low of 6,522.59 reached shortly after the open. "This Mo
Read more5 Jan 2015 07:38
London pre-open: Stocks expected to fall as volumes pick up
UK stocks are expected to drop on Monday morning as traders return to their desks in a cautious mood after the festive holidays. City sources predict the FTSE 100 will open around 40 points lower than Friday's close of 6,547.80. "This Monday finally sees the return of most traders from the Christma
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