Financials & Economy
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GrainCorp registers US$134m net profit owing to increased oilseed crush volumes bumper canola crop
AUSTRALIA- GrainCorp reported A$200 million (US$134 million) in net profits after taxes for the first half of the 2023 financial year that ended March 31,…
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Bayer foresees dismal 2023 results amid inflation and deflated prices, invests US$65m in Ukraine operations
GERMANY- Drug and pesticide maker Bayer estimates that its 2023 results will likely come in at the lower end of its targeted range, jeopardized by…
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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…