SWEDEN: Spira's half-year loss raises concern over capital
Continued losses in its red meat and pigmeat operations have raised concerns whether meat and poultry group Spira will need further capital injections to bridge the company over until its cost-cutting programme starts paying off. Developments in the coming months will be crucial. With an equity base of just SKr127m (US$11.96m), Spira cannot swallow another half-year loss as big as in the first half. Spira reported a SKr104m group loss after net financial items after six months to June, compared with a loss of SKr131m in the year-ago period.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Interview: Sir Kensington's on sale to Unilever
- Analysis: Post discusses rationale for Weetabix
- Who will buy Danone's Stonyfield business?
- Interview: "Disruptive" snack brand Hippeas
- Column: Why snacking is the new meal
- Unilever buys US condiments maker Sir Kensington's
- Nestle organic growth slows but beats expectations
- Dairy dampens Danone in Q1
- Icelandic to sell Saucy Fish Co. owner Seachill
- Ice cream helps Unilever sales, food flat