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Saputo secured solid revenue in full year 2020, but adjusted EBITDA was significantly down in the fourth quarter (Q4) on effects of consumer demand shift amid the Covid-19 pandemic.
In the UK, for the four weeks ending April 19, off-trade sales rose by 24% annually in the first full month of lockdown.
Privately held US agribusiness Cargill said it will no longer issue public releases on quarterly earnings, halting the disclosures that the company has provided since 1996.
The Peruvian food trader and processor, Camposol, reported a year-on-year decline for EBITDA from USD6.3 million to USD3.7 mln, while sales rose by 12.3% to USD63.6 mln.
Pre-tax profit fell by 12.59% to INR3.40 billion (USD45.3 million) in the quarter ending March 2020 compared with INR3.89 bln in Q4 2019.
MSM Holdings Bhd's net loss widened to MYR34.71 million in the first quarter ended March 31, 2020, from MYR7.06 million a year ago, due to lower gross margin, higher finance cost and higher depreciation, as a result of the commercialisation of its Johor plant under MSM Johor in April 2019.
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