Financial digest, 19 March 2012: Primo, Kraft, ChromaDex

Shaun Weston19 Mar 2012

The latest financial news for 19 March 2012 includes Primo, Kraft, ChromaDex, RockTenn and Crystal Rock Holdings.

Primo Water Corp

Primo Water Corporation posts an 88.2% surge in FY 2011 net sales to US$84.0m, led by a 96.3% increase in water sales and a 60.5% rise in water dispenser sales.

ChromaDex

US-based ingredients producer ChromaDex reports a 7.2% increase in FY 2011 net sales to US$8.1m with net loss deepening to $7.9m.

Kraft Foods

The board of directors of Kraft Foods Inc has declared a regular quarterly dividend of $0.29 per common share of Class A stock. This dividend is payable on 16 April 2012 to stockholders of record as of 30 March 2012.

RockTenn

RockTenn expects fiscal second quarter earnings of between $0.35 and $.40 per diluted share and adjusted earnings of between $0.85 and $.90 per diluted share.

The primary factors reducing fiscal second quarter adjusted earnings per diluted share compared to the fiscal first quarter adjusted earnings per diluted share are the impact of approximately 149,000 additional tons of economic and maintenance downtime at its containerboard mills, including approximately 30,000 tons from the previously announced closure of the Matane mill, the acceleration to the fiscal second quarter from the fiscal third quarter of a scheduled maintenance outage at RockTenn’s Demopolis, Alabama bleached paperboard mill, and lower pricing for export containerboard.

Crystal Rock Holdings

Water and coffee distributor Crystal Rock Holdings reports a 2% decrease in Q1 2012 gross profit to US$8.6m, despite a 1% increase in total sales to $17.2m.

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