- Net sales were $7.5 million, an increase of 2.4 million (47%) compared to the previous year.
- Fourth quarter sales amounted to SEK $1.89 million.
- The operating result was –2.6 million, an improvement of 1 million over the previous year. The operating result includes a one-time expense of $749,514 related to BioGaia's cancelled allergy project. Excluding this item, the operating result improved by $1.8 million.
Highlights:
Uni-President, BioGaia's Chinese dairy customer, launched a yoghurt product with Reuteri in Taiwan during the summer. The launch in China is scheduled for the beginning of 2006. Uni-President is one of the largest food products manufacturers in Taiwan and has also established substantial business in China in recent years.
BioGaia has previously signed an agreement with a French company for the sale of BioGaia's patented bottle cap with Reuteri, LifeTop Cap, in France and Belgium. Pilot runs of LifeTop Cap are under way, but certain necessary adjustments prior to the production start have taken longer than planned. The launch date will be set when these adjustments have been completed and the product is ready for sale.
(3 October 2008) Martek Biosciences Corporation says its life'sDHA is featured in the new Live Bright Brain Health Bar, the latest offering from Kellogg. Each bar contains 100 mg of life'sDHA and w...
(1 October 2008) Givaudan Flavours is launching its new ByNature program for the European market with a series of natural culinary profiles for meat flavours. The Givaudan ByNature culinary meat ra...
(1 October 2008) Royal DSM N.V. has inaugurated its new polymer plant in Jiangyin (Jiangsu province, China). The plant produces high viscosity grades of Akulon polyamide 6 (PA6) aimed at the fast ...
(1 October 2008) McNeil Nutritionals has launched Splenda No Calorie Sweetener with Fiber, a no-calorie sweetener for foods and beverages with one gram of fiber in each packet. The product answers ...
(1 October 2008) ‘Super grains’ might take flight, albeit gradually, in the region. White bread remains largely popular in the market, although unpolished rice is a staple food in some Asian regio...
(1 October 2008) Martek Biosciences Corp says revenues for the third quarter of the fiscal year 2008 were $88.4 million, up 14% from $77.8 million in the same period last year. Net income was $9.3...
(1 October 2008) GLG Life Tech and Weider Global Nutrition (WGN) say they have signed a definitive agreement to set up a venture, GLG Weider Sweet Naturals, to sell dietary and tabletop supplement...
(1 October 2008) A recent clinical study shows NAT’Life’s Powergrape is a natural ingredient that promotes efficacy in physical performance and cell oxygenation in humans. Powergrape maximizes phy...
While Tesco had previously resisted offering mortgages on the grounds that the margins were so tight that they were unprofitable, finance director Andrew Higginson said that the credit crunch seems to have created an opportunity. Tesco may begin offering home mortgages to compete with the major lenders.
In response to consumer research and the global trend for convenience, South Africa's Pick n Pay has opened its first small format convenience store in Fairland, Johannesburg.
Marks & Spencer has opened its first store in mainland China with hopes that it might lift flagging results. As the flagship store opened on West Nanjing Road, Shanghai’s premier shopping street, the UK retailer reported its worst performance for three years with like-for-like UK sales down by over six per cent over the last three months.
Sorin Minea, chairman of the Romanian Federation of Food Industry Business Owners (Romalimenta) says the food industry is currently overdeveloped in Romania and explains that the weight of current expenses...
US grocers including Whole Foods Market, Kroger and Stop & Shop have had to hire third party verifiers to root out produce that contains pesticide residue despite organic seals. Some supposedly organic producers are certifying conventionally-grown produce in order to increase the price.
Tesco, Britain's biggest retailer, has shown it operates best in tough markets, racking up a 10.3 per cent increase in profit of €1,824 billion for the first six months of 2008 to 23 August. Total sales rose 13.8 per cent to €32.1 billion.
