UK: Sales, profits up at stevia firm PureCircle

By: just-food.com | 22 March 2010

Stevia sweetener maker PureCircle today (22 March) reported rising half-year sales and earnings as the company's client base continues to grow.

The London-listed firm, which supplies ingredients to the likes of Nestle, Danone and PepsiCo, booked operating profit of US$2.6m for the six months to the end of December, up from $2.1m a year earlier. Turnover reached $37.5m, against $21.6m in fiscal 2008/09.

However, net profit was down, falling from $2.1m to $1.5m. Neverthless, PureCircle was upbeat about the outlook for the business.

Chairman Paul Selway-Swift said: "We are pleased to report a strong first half performance. With widespread regulatory clearances and many product launches across numerous categories and in many regions, we believe stevia is continuing to develop towards being a major global industry."

However, he warned: "Our strategy remains one of being a leading player in this developing global industry that did not exist a few years ago. We continue to see strong interest from the largest Food & Beverage companies, but product launches on a mass scale require planning and executing over an extended period.  So, our sales will remain volatile and it will take time for the true long term sales velocity of our unique products to become apparent."

 

Sectors: Commodities & ingredients, Dairy

Companies: Nestle, Danone, PepsiCo

View next/previous articles

Currently reading -

UK: Sales, profits up at stevia firm PureCircle

There are currently no comments on this article

Be the first to comment on this article

Related research

Company Financials: Groupe Danone

IntroductionThe Company Financials offers insights into the financial performance of the company over last five years for about 1000 leading global companies. The datapack covers wealth of financial information relating to income statement, balance s...

Danone , Groupe in Health & Wellness - World

This report analyses Danone’s position in the global health and wellness (H&W) market. Danone is entirely focused on the areas of health, wellness and nutrition, with its Activia brand a major growth driver for the company. A balanced geographic spre...

Clinical Nutrition Products

This report analyzes the worldwide markets for Clinical Nutrition Products in US$ Million by the following segments: Enteral Nutrition, Infant Nutrition, and Parenteral Nutrition....

Related articles

Editor's choice: the highlights on just-food this week

Hershey, the US chocolate giant, felt the full force of the NGO spotlight this week amid criticism over its cocoa sourcing. Campaigners said Hershey had fallen behind its rivals on labour and social responsibility and urged the company to do more. Meanwhile, Cadbury, one chocolate maker that has emrbaced Fairtrade, is expected to give a US$1bn sales boost to new owner Kraft Foods. On the retail front, Carrefour revealed more detail of its new-look hypermarkets, US grocer Kroger continued to see sales accelerate, while in the UK, Asda saw its market share slip again.

US: Kellogg's named "best packaged food brand"

Kellogg's is the top packaged food brand according to Interbrand's latest annual ranking of the 100 "Best Global Brands".

BRICs and beyond: India's potential overshadows short-term challenges

At the end of August, data emerged that India's economy was growing at its fastest rate in nearly three years. One of the four markets dubbed the BRICs in 2001, India is still a key priority for international investors and, despite potential legal issues and the spectre of food inflation, it remains a vital market for food manufacturers.

Welcome to the home of food information, insight & intelligence

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page