Seprod CEO Richard Pandohie.
Food manufacturing group Seprod Limited has reported net profits of $3.17 billion, made on revenues of $38.07 billion for the year ending December 31, 2020.
Net profit reflects an increase of $1.46 billion, up 86 per cent over the year ending December 2019. Revenue climbed by $5.37 billion or 16 per cent during the year, compared to 2019.
Fourth-quarter revenues totalled $9.41 billion, an increase of $1.51 billion or 19 per cent over the corresponding period in 2019. The quarter’s net profit was $614 million, an increase of $19 million or three per cent over December quarter, 2019.
“This ended a good year that validated deliberate efforts made by the board in prior years to focus on execution, a strong innovation pipeline and diversification of our revenue pillars,” CEO Richard Pandohie and Chairman PB Scott said in notes accompanying the financial results.
- (SE)
- (UK)
DMO sold £2.0B in 1.25% Oct 2041 Gilts; Avg Yield: 0.987% v 0.802% prior; bid-to-cover: 2.51x v 2.22x prior; Tail: bps v 0.1bps prior
- (IT)
Italy Debt Agency (Tesoro) sold €7.0B vs. €7.0B indicated in 12-month Billsl Avg Yield: -.0454% v -0.478% prior; Bid-to-cover: 1.39x v 1.53x prior
Looking Ahead
- (EU) Daily ECB Liquidity Stats
- (CH)) Switzerland to sell 2031 and 2042 Bonds
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- 06:00 (PT) Portugal Q4 Unemployment Rate: No est v 7.8% prior
- 06:00 (PT) Portugal Jan Final CPI M/M: No est v -0.3% prelim; Y/Y: No est v 0.3% prelim
- 06:00 (PT) Portugal Jan Final CPI EU Harmonized M/M: No est v -0.3% prelim; Y/Y: No est v 0.2% prelim
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ASIA:
The Bank of Japan kept monetary policy steady on Thursday and revised its economic forecast for the next fiscal year, signaling that it has delivered sufficient stimulus, for now, to cushion the blow from the COVID-19 pandemic, Reuters reported. As widely expected, the central bank kept unchanged its target for short-term interest rates at -0.1% and that for 10-year government bond yields around 0% in a two-day rate review. In a quarterly review of its projections, the BOJ trimmed its economic forecast for the current year ending in March to a 5.6% contraction from the previous forecast for a 5.5% decline. But it revised up its growth projection for the next fiscal year to a 3.9% expansion from a 3.6% increase forecast in October.
1/22/2021 5:29:39 AM GMT
ASIA
The Bank of Japan kept monetary policy steady on Thursday and revised its economic forecast for the next fiscal year, signaling that it has delivered sufficient stimulus, for now, to cushion the blow from the COVID-19 pandemic, Reuters reported. As widely expected, the central bank kept unchanged its target for short-term interest rates at -0.1% and that for 10-year government bond yields around 0% in a two-day rate review. In a quarterly review of its projections, the BOJ trimmed its economic forecast for the current year ending in March to a 5.6% contraction from the previous forecast for a 5.5% decline. But it revised up its growth projection for the next fiscal year to a 3.9% expansion from a 3.6% increase forecast in October.