Arab Today, arab today csm turns to net loss
Last Updated : GMT 23:12:04
Arab Today, arab today
Arab Today, arab today

CSM turns to net loss

Arab Today, arab today

Arab Today, arab today CSM turns to net loss

Amsterdam - Arabstoday

Dutch food group CSM, the world’s largest bakery products supplier, said it plans to restructure or divest part of its European bakery supplies business which was badly hit by the economic downturn in 2011, and warned of a tough year ahead. The Dutch group, which reported a surprise net loss for 2011 on Tuesday, said it may divest as much as 30 per cent of its European unit this year. “The growing uncertainty in the euro zone, and its consequences for consumers, accelerated the decline in volumes sold throughout 2011,” CSM said in a statement. CSM said it had made an impairment charge of 249 million euros on the value of its European bakery business, to reflect changes in the marketplace, including the shift from small independent bakeries to larger in-store bakeries. The group reported a full-year net loss of 174.3 million euros, after a net profit of 99.3 million euros in 2010. Analysts had forecast a net profit of 57 million euros for 2011. The Dutch group also reported 2011 earnings before interest, tax and amortisation (EBITA) and before exceptional items of 150.8 million euros.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today csm turns to net loss Arab Today, arab today csm turns to net loss

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today csm turns to net loss Arab Today, arab today csm turns to net loss

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday