Wednesday, 29 July 2015

NPC holds 2015 Summer meeting

NPC holds 2015 Summer meeting

On July 7-9, growers and industry leaders from across the United States of America met in Kalispel...

Peru will host 10th World Potato Congress in 2018

Peru will host 10th World Potato Congress in 2018

The official announcement was made on July 15 by Alberto Maurer, head of Peru’s National Institute...

AHDB strategic potato farm open event

AHDB strategic potato farm open event

AHDB Potatoes first Strategic Potato Farm (SPot) is now established in Staffordshire. An open day ha...

Bühler Aeroglide introduces new food technologist

Bühler Aeroglide introduces new food technologist

Bühler Aeroglide, a global leader in thermal process engineering and technology for food, feed, and indus...

AHDB Next Generation group explore potato processing

AHDB Next Generation group explore potato processing

  The AHDB Potatoes ‘Next Generation’ tour kicked off in Yorkshire last month, visiting two progressiv...

TOMRA launches Spanish language website

TOMRA launches Spanish language website

TOMRA has launched a Spanish version of its website, underlining the importance of Spain and other Span...

The steps to chilled perfection

The steps to chilled perfection

  Production of frozen products, especially French fries, needs to be meticulous to end up with the ...

Key Technology introduce enhancements to Rotary systems

Key Technology introduce enhancements to Rotary systems

Key Technology introduced on July 15 its improved Rotary Sizing and Grading Systems, which include its Sl...

Next generation potato grading line from Tong

Next generation potato grading line from Tong

When one of the UK’s largest growers and producers of fresh vegetables, the Produce World Group, decide...

McCain Australia has new range of frozen potato wedges

McCain Australia has...

  McCain Australia has recently launched the new wedges ‘...

Tolsma-Grisnich and Kiremko, partnership for a new plant in China

Tolsma-Grisnich and ...

  Strategic partners Tolsma-Grisnich and Kiremko recently...

Utz Quality Foods launches Specialty Division

Utz Quality Foods la...

Utz Quality Foods, Inc. has recently announced the culmina...

Potatoes are back on WIC, a nutritional program for women, infants and children in USA

Potatoes are back on...

The National Potato Council (NPC) from USA succeeded to put ...

Exclusive interview with the director of Urschel Laboratories, Inc: The Urschel team is a very strong one

Exclusive interview ...

What began with one man's invention more than 100 years ago ...

UK Potato Council says it is a record year for seed potato exports

UK Potato Council sa...

  Seed potato exports are booming, with the latest figure...

Indian Government will procure 6,600 tones of potato from farmers

Indian Government wi...

The State Government announced its decision to procure 6,6...

Company launches a new solution for potato sprouting

Company launches a n...

  BioSafe Systems announces the introduction of ARRET Spr...

Seed Industry Event conference tackles key industry concerns

Seed Industry Event ...

The recent Seed Industry Event, organized by British Potato ...

Armenia registered an important growth in potato exports in 2014

Armenia registered a...

Armenian potato exports totaled about 20,600 tons, compared ...

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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