Financials & Economy
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Hill’s Pet Nutrition profits dropped on higher production costs while sales surged by 14% in Q1 2023
USA- The finances of Colgate-Palmolive-owned Hill’s Pet Nutrition followed a similar pattern as the final quarter of 2022, with net sales increasing by 14% to…
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Abu Dhabi-based food company Agthia reports 12% rise in Q1 net revenues owing to strong growth in the snacks and protein sectors
UAE – Abu Dhabi-based food and beverage company, Agthia Group PJSC, has reported that its net revenue for Q1 jumped by more than 12 percent…
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Seaboard’s milling segment records 258% increase in operating income in Q1 results
USA- Seaboard Corp. registered an operating income of US$43 million in its Commodity Trading and Milling (CT&M) segment during the first quarter that ended April…
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Kellogg’s organic sales for Q1 bolsters its annual earnings outlook to 6% to 7%, up from previous guidance of 5% to 7%
USA – Kellogg, an American multinational snack and cereal company has announced that it has raised its organic sales to US$4.05 billion for Q1, up…
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Grupo Bimbo acquires Canadian business, Natural Bakery, despite lower Q1 profit
CANADA – Grupo Bimbo, the Mexico-based bakery giant has expanded its North American presence with the purchase of rye bread producer Natural Bakery in Winnipeg…