25 Nov 2011

Financial news, 25 November 2011: Campbell's, Refresco, Osem

The latest financial news for 25 November 2011 includes Campbell's, Mitchells & Butlers, Panache Beverage, Osem Investments and Refresco.

Campbell Soup Company

Campbell Soup Company reports a 1% decline in Q1 2012 net sales to US$2.16bn, with US Beverages sales down 3% to US$198m.

Mitchells & Butlers

Mitchells & Butlers sees FY 2011 net sales fall 9.3% to £1.8bn due to pub disposals, but net profits reach £125m from an £84m loss the previous year.

Panache Beverage

Panache Beverage announced third quarter results ended 30 September 2011. Gross revenue for the third quarter increased 750% to $526,587, compared with gross revenues of $61,948 for the same three-month period in 2010. Gross revenues for the nine months ended 30 September 2011 increased 67% to $1,278,622, compared to gross revenues of $765,156 for the same nine-month period in 2010. The increase in revenue was primarily due to the Company's success in marketing its products in New York State. The Company reported a net loss of $695,969 and $1,464,098 for the three and nine months ended 30 September 2011, respectively.

Osem Investments

Nestlé-controlled Osem Investments posts a 12.2% rise in Q3 2011 net profit to NIS 101.9m, boosted by a 5.9% increase in sales to NIS 1.04bn.

Refresco

Refresco reports a 25.4% increase in Q3 2011 revenue to €408.2m, boosted by higher selling prices, but posts a net loss of €1.7m from a net profit of €6.8m the previous year due to poor weather.

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