IRELAND: Kellogg's Irish profits rise
Cereal giant Kellogg's made more than €12m (US$14.1m) from it's Irish operations in 2004, a rise of 28%, according to the Irish Business World website.
At the same time, the group's new European headquarters in Dublin incurred a deficit of €23.19m before tax in respect of start-up costs in the six months after its incorporation in June 2004, it said, citing a report in the Irish Times.
The Kellogg Company of Ireland, which employs 37, reported that its turnover rose €75.82m in 2004 from €74.62m. This represents the overall value of its cereal sales to wholesalers throughout the Republic.
The company's profitability was helped by a reduction in the cost of sales to €46.06m from €48.71m.
The company paid tax last year of €1.63m, bringing its post-tax profit for the year to €10.33m.
It had €28.28m in retained profits at the end of the year.
Traffic lights, GDAs, signposting - whatever format it takes in the end, front-of-pack nutritional labelling is something the UK's Food Standards Agency is desperate to introduce in a bid to encourage...
The US Food and Drug Administration (FDA) has begun to loosen its labelling restrictions, allowing manufacturers of certain products to make qualified health claims on the labels. This has led to some...
Iconic US chocolate maker Hershey Foods is in the midst of a transformation process. Its aim? To diversify into the snack food market in order to expand beyond its core chocolate business. With new pr...
Kellogg company executive Dr. Michael McBurney has been named the head of the new department of nutrition and food science at Texas A&M University....
Cereal company Kellogg has announced rises in sales and net earnings for the second quarter....
Cereal and snack company Kellogg has introduced new Gripz snacks - 'mighty tiny' versions of two favourite snacks including Cheez-It baked snack crackers and Chips Deluxe chocolate chip cookies. ...
Cereal company Kellogg has announced the expansion of its Special K line with the launch of Special K Fruit and Yogurt, which will be on store shelves nationwide in July....
A Montreal-area woman has launched a demand for a class action against Kellogg Canada, claiming it misleads consumers with "low sugar" advertising on its boxes of Frosted Flakes and Froot Loops cereal...
- Focus: Nestle CEO plan to balance sales, earnings
- Does Kraft Heinz want to swallow Unilever whole?
- Will Kellogg's DSD exit help it grow in US snacks?
- Comment: Meal kits in US - don't believe the hype
- Is Mondelez's margin target hurting sales?
- Nestle plans restructuring as 2016 profit misses
- Danone eyes efficiency, agility with new structure
- Kraft Heinz pursuing Unilever in takeover move
- Kraft Heinz returns to organic growth, ups margins
- Danone sales dampened by Europe, China