Monster Beverage Corporation has reported record sales and profits for the three and 12 months ended 31 December 2011.
Gross sales for the 2011 fourth quarter increased 28.4% to $467.3m from $364.1m in the same period last year. Net sales for the three months ended 31 December 2011 increased 28.7% to $410.0m from $318.7m a year ago.
Gross profit, as a percentage of net sales, for the 2011 fourth quarter was 52.3%, compared with 51.6% for the comparable 2010 quarter. Operating expenses for the 2011 fourth quarter increased to $110.8m from $84.6m in the same quarter last year.
Arla Foods reports a 12% rise in FY 2011 revenue to DKK 55bn, with strong growth in the Middle East, North Africa and Russia.
Nestlé Malaysia posts a 16.6% rise in FY 2011 revenue to RM 4.70bn, with pre-tax profit rising 19.9% to RM 558.81m.
[Grupo Modelo](Grupo Modelo) reports a 48% growth in Q4 2011 net profit to Pesos 3.59bn, on the back of an 11% rise in sales to Pesos 23.28bn.
CCL Industries Inc has announced its financial results for the fourth quarter and fiscal year ended 31 December 2011, and an increase of its annual dividend.
Full Year 2011 Results: Sales were $1,268.5m in 2011, an increase of 6.4% compared to $1,192.3m for 2010. Excluding the impact of foreign currency translation, sales increased 7.0% organically with an additional 0.8% from the acquisition of Sertech in April of 2011.
Operating income (a non-IFRS measure) for 2011 was $163.7m, an increase of 11.7% compared to $146.6m for 2010, and an increase of 13.4% excluding the impact of foreign currency translation. This reflects significant improvement for the Container and Tube segments supported by a modest advance for the Label segment.
© FoodBev Media Ltd 2016