12 Oct 2015 10:35
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Don't have an account? Click here to register.PureCircle annual operating profits rise on higher revenue
Mon, 16th Mar 2015 08:21
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 before interest, tax, depreciation and amortisation rose 23% to $6.4m and revenue grew 24% to $43.2m.PureCircle said that high profile Cola roll-outs led by Coca-Cola Life, Pepsi Next and Pepsi True into the US, Mexico, UK, France and Japan markets indicated clearly that its stevia product was now "a mainstream sweetener of choice" in the industry."The period has also seen a wide range of stevia sweetened product launches from major retailers across Europe and America and iconic brand adoption in categories as diverse as ketchups, yogurts and confectionery," the group said in a statement on Monday.The AIM-listed company added it had expanded its production capacity to meet the growth in demand but warned that demand may be lumpy in the short term."Until market consumption smooths out, that growth will come with a lumpy sales profile and therefore some volatility: this adds some complexity to our ability to provide guidance in the short term," it said.PureCircle shares were down 4.15% to 520.00p at 08:47 on Monday.
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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
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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
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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 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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