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Surge in white sugar sales seen eroding refining margins

2015-07-27 09:06:36| Sugar Industry News

LONDON/MUMBAI (Reuters) - A surge in white crystal sugar sales from huge domestic stocks could drive down the premium for refined white sugar over raw sugar and squeeze refiners' margins.

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Dow Chemical profit beats estimates as margins continue to expand

2015-07-23 15:43:56| Chemicals - Topix.net

The U.S. chemical maker's plastics business has benefited from easy access to cheap shale gas, which is stripped down into ethane to make ethylene - a key component of plastics and many chemicals. Global crude oil prices have halved in the past year, narrowing the price difference between crude oil-derived naphtha and natural gas-based ethane cracking, which erased the competitive advantage U.S. chemical firms had over their European rivals.

Tags: continue expand profit chemical

 
 

Rocky Brands reports improved Q2 margins

2015-07-23 11:23:00| Daily apparel & textile news and comment - from just-style.com

US apparel and footwear company Rocky Brands has booked an increase in second-quarter earnings and improved gross margin.

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Ericsson improves underlying margins in Q2, sales up 11%

2015-07-17 08:50:00| Telecompaper Headlines

(Telecompaper) Ericsson reported a strong increase in second-quarter results, helped by currency effects and a pick-up in its main Networks business. Sales increased by 11 percent year-on-year to SEK 60.7 billion. Adjusted for comparable units and currency rates, sales decreased by 6 percent, mainly due to less capacity business in North America. The mobile broadband business in North America stabilized in the quarter, but remained at a lower level than a year ago. The annual decline in North America was partly offset by an increased pace of 4G deployments in China, and sales growth was strong in the Middle East, India and South East Asia. Ericsson also reported strong demand in all regions for professional services, and favourable developments in its OSS and BSS business. Operating profit, excluding restructuring charges, jumped by almost 50 percent from a year ago to SEK 6.3 billion. After the weak first quarter, profitability at the Networks division recovered recovered, driven by increased sales and a positive currency hedge effect. Including SEK 2.7 billion in restructuring charges, mainly for job cuts in Sweden, operating profit fell 11 percent to SEK 3.6 billion, and net profit was down 20 percent to SEK 2.1 billion. Ericsson said it remains on track to achieve SEK 9 billion in cost savings in 2017 compared to 2014. It expects the savings to start showing up in results later this year. The consolidation in the industry continues, both among vendors and customers, creating opportunities and challenges. Therefore we have, during the first half of 2015, accelerated our transformation journey towards becoming a true ICT company. With our ongoing strategic initiatives we are well positioned to continue to create value for our customers in a transforming market.

Tags: up sales underlying ericsson

 

Hog Producers Expected to Remain Profitable Despite Lower Margins

2015-07-03 02:00:00| ThePigSite - Industry News

US - An agricultural economics professor with the University of Missouri says, despite reduced margins, well managed hog operations should be able to make money this year and again next year, Bruce Cochrane.

Tags: lower expected remain producers

 

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