Thursday, 30 June 2016

Focus Conferences and New Developments at PotatoEurope 2016

Focus Conferences and New Developments at PotatoEu...

  The innovations introduced by ARVALIS - Institut du végétal and its technical partners at Potat...

Exclusive Interview – Europatat: “We Need to Keep Potatoes Trendy”

Exclusive Interview – Europatat: “We Need to Keep ...

On he occasion of the Europatat Congress, we have had the opportunity to interview Mr. Kees van Aren...

PotatoEurope 2016: Numerous Dynamic Demonstrations Over 23 Hectares

PotatoEurope 2016: Numerous Dynamic Demonstrations...

 PotatoEurope is the largest open-field event devoted to the potato in Europe, which will cover an...

AHDB and CEJA Comment on Vote to Leave EU

AHDB and CEJA Comment on Vote to Leave EU

  The comments on the UK decision to leave EU assaulted media and social networks.

FDF: UK Food Manufacturers Face a Challenging Period after Brexit

FDF: UK Food Manufacturers Face a Challenging Period af...

  UK food manufacturers face a "very challenging period" in the wake of the country's decisi...

Tolsma-Grisnich Group Acquires Majority Share in Farm Electronics Limited

Tolsma-Grisnich Group Acquires Majority Share in Farm E...

  Tolsma-Grisnich, a leading Dutch specialist in intelligent storage technology for potatoes, onions a...

New Rules for Drones in the USA

New Rules for Drones in the USA

  The rules regarding flying drones in the United States have been relaxed, paving the way for thousan...

Case Study: The Experience of Potato Producer Nedato with a Sorting Solution from TOMRA

Case Study: The Experience of Potato Producer Nedato wi...

 The Nedato is a cooperative of 500 farmers, which has been producing quality potatoes to customers acr...

Tong Engineering Introduces New Cleaner Loader Crop Transfer Machine

Tong Engineering Introduces New Cleaner Loader Crop Tra...

   Tong Engineering is set to introduce a new Cleaner Loader crop transfer machine to its latest range...

Kiremko Is the Main Supplier for New Project Linkage Farm Frites China

Kiremko Is the Main ...

  Dutch engineering company Kiremko will be the main supp...

McCain Foods Invests USD65m in Expanding Its French Fries Plant in Canada

McCain Foods Invests...

McCain Foods (Canada) announced a major investment of USD6...

Branston Began the Expansion of Its Potato Processing Plant in Lincoln

Branston Began the E...

The UK potato supplier Branston has begun work on its GBP5...

Processed Potatoes in EU Worth EUR10b in 2014

Processed Potatoes i...

  Processed potatoes (mainly frozen chips and crisps) wer...

Aviko Introduces a Guide for Gluten-free Catering

Aviko Introduces a G...

 The potato processor Aviko is supporting caterers during ...

Scientists Reveal Potato Parasite’s “Toolkit"

Scientists Reveal Po...

  An international research collaboration led by the Univ...

Kangaroo Island Potato Producer Wins the “Mini MBA” for Farmers

Kangaroo Island Pota...

 Kangaroo Island potato producer Peter Cooper has been nam...

CEJA President: Losing Young Farmers Puts the Future of European Food Production at Risk

CEJA President: Losi...

  CEJA President, Alan Jagoe, addressed EU agriculture mi...

Researchers Develop Nutrient-rich Purple Potato

Researchers Develop ...

  A group of researchers from CSU have recently developed...

Search Begins for Scottish Strategic Potato Farm

Search Begins for Sc...

  AHDB has announced the quest for the first farmer host ...

The acquisition of Kettle Foods and strength in Emerald snack nuts and Pop Secret products helped contribute to a 92% increase in income during the year for Diamond Foods, Inc.

For the year ended July 31, the company had income of $50,211,000, equal to $2.28 per share on the common stock, which compared with income of $26,211,000, or $1.40 per share, during the previous year. Sales for the quarter were $965,922,000, up 42% from $680,162,000 during fiscal 2010.

"Our base Diamond business delivered record financial results this quarter with our snack portfolio up a solid 16% on an organic bases," said Michael J. Mendes, chairman, president and chief executive officer. "We're particularly pleased that we could achieve such strong performance while effectively managing the Pringles integration."

For the fourth quarter ended July 31, the company had income of $8,544,000, or 39c per share, up 27% from $6,740,000, or 31c per share, during the same quarter of the previous year. Sales for the quarter were $232,773,000, up 32% from $176,618,000.

The company said it expects full-year fiscal 2011 earnings per share to be in the range of $3.05 to $3.15, given the Pringles transaction closes in the first half of December. This is an increase from the previously announced $3 to $3.10.

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