NETHERLANDS: Friesland Foods profits rise
Dutch dairy concern Royal Friesland Foods posted a net profit of EUR58m (US$73.8m) for the first half of 2006, up from EUR45m reported in the year-ago period.
Operating profit grew from EUR98m to EUR119m. Net sales grew from EUR2.19bn to EUR2.33bn.
The company said that the increase in operating profit was chiefly the consequence of higher sales and margin improvements in its Asian and West African units.
Higher selling prices, the stabilisation of raw material prices and other cost savings drive this improvement, Friesland said.
Warrnambool Cheese and Butter Factory has signed a memorandum of understanding with Friesland Foods Domo, establishing a 50/50 joint venture to manufacture ingredients for the food, infant nutrition, ...
Friesland Foods has outlined plans to focus its Central European production of fresh dairy products in Debrecen, Hungary, including subsequent job losses....
According to Vietnamese reports, Planning and Investment Service of northern Ha Nam province have granted Dutch Lady Vietnam a license to begin its US$40m plan to expand production in t region....
The Dutch dairy products and fruit drinks group Friesland Foods has reported an 8% profit rise for 2005 to EUR104m (US$123.9m), on sales down 1% at EUR4.4bn....
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