Net profits at Russian retail giant X5 dropped considerably in the first half of the year, falling 20.6 per cent to US$135.2m, with net profit margins down to 1.7 per cent from 2.2 per cent last year.
According to the group, net sales climbed in rouble terms, up to Rb241bn, but dropped 0.1 per cent in US dollar terms to US$859m.
Gross profits remained virtually unchanged at US$1.8bn, while earnings before interest, taxation, depreciation and amortisation dropped 2.1 per cent to US$554m.
Characters from the Disney and Pixar film will feature on stickers across select Del Monte products
The two-day event, taking place in The Hague, opened with an overview of the global tomato business and a focus on consumer preferences
New product containing sorrel was developed with support from retailer’s Accelerator Programme to boost product innovation
Country remains mainly an importer of the fruit with local production stable
Following a positive campaign for Greek pears, a lack of hailstorms and excessive rain bode well for the new season, but the threat of climatic disturbances will always remain, according to Paris Karastergios of Karastergiou Bros
New Zealand marketer says option to check and repack all 5,000 pallets would not guarantee food safety and could damage its brand reputation
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