JAPAN: Q1 profits up at Yakult
Yakult enjoyed higher revenues in Japan and overseas
First-quarter profits have jumped at probiotics group Yakult on the back of higher sales at home and abroad.
The Japanese firm yesterday (30 July) booked an 85% leap in operating income to JPY5.38bn (US$54.8m) for the three months to the end of June.
An increase in sales in Japan and in overseas markets, notably in Asia, Oceania and the Americas, boosted profits. Net sales were up 5.7% at JPY82.16bn.
Net income more than tripled from JPY1.01bn to JPY3.78bn. Last year's first quarter included higher foreign exchange losses and steeper "extraordinary" losses.
- Danone's Q1: four things to learn
- Who will buy Danone's Stonyfield business?
- Column: Why snacking is the new meal
- Opinion: Big Food needs to think radically
- Nestle Q1 update: four things to learn
- PepsiCo affirms full-year target as Q1 hits mark
- Nestle to cut UK confectionery jobs
- Glanbia signs deal on Dairy Ireland stake sale
- Dole Food Co. files to go public again
- 2 Sisters' chief Boparan invests in UK's Crawshaw