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Tag Archives: NAB

Yili to Upgrade the Global Quality Management System Inviting Three Giants for “Excelsior”

BEIJING, August 15, 2014 /PRNewswire/ -- Confronted with the global challenge of food safety, enterprises focusing on quality should keep improving their quality management system. Recently, Yili Group, ranked among the Top 10 global dairy e...

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SkyPeople Fruit Juice Reports Second Quarter 2014 Financial Results

XI'AN , China, August 14, 2014 /PRNewswire/ -- SkyPeople Fruit Juice, Inc. (NASDAQ: SPU - News) ("SkyPeople" or "the Company"), a producer of fruit juice concentrates, fruit juice beverages and other fruit-related products, today announced i...

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Ausnutria’s Shares Resumed Trading Today: Price Soared 47.26 % to HKD2.15 Compared to Shares before Suspension

Benefit from Outstanding Annual Results and Overseas Factories Being Approved as the First Batch of Registered Overseas Dairy Products Producers in the PRC

HONG KONG, Aug. 4, 2014 /PRNewswire/ -- Ausnutria Dairy Corporation Ltd ("Ausnutria" or the "Company", together with its subsidiaries, the "Group"; stock code: 1717), a paediatric milk formula company with its production facilities principally based in the Netherlands and engaged in the dairy industry with activities ranging from the research and development, milk collection, processing, production, packaging in the Netherlands and marketing and sales of dairy products to the PRC, Europe, North America, Middle East and other overseas countries, has fulfilled all the resumption conditions. The shares resumed trading from 9:00 a.m. today and the share price reached the highest at HKD2.4, up 64.38%. The stock closed at HKD2.15, up 47.26% or HKD0.69.

The share price of Ausnutria performing well is in part attributable to management's efforts in the past two years to fulfill the resumption requirements. Ausnutria also achieved outstanding performance in 2013 with significant turnover and net profit growth at 24.9% and 81.5%, respectively, when compared with 2012. Meanwhile, Ausnutria's factory in the PRC was among one of the first batch of factories in the PRC that succeeded in obtaining the renewed production license and the three factories in the Netherlands were among one of the 41 worldwide manufacturers that succeeded in being approved as the first batch of registered overseas dairy products producers that were granted the registrations for exporting their products to the PRC under the New Policies. Furthermore, all the brands of the Group (including the series of Allnutria, Best Choice, Hyproca 1897, Kabrita, Puredo, Mygood, Lacfor, Eurlate, Neolac, etc.) are listed as the first batch of brands to be granted the approval for exporting the paediatric formula milk into the PRC. The Company has excellent development prospects.

The Company considers that under the leadership of the recent Chief Executive Officer, Mr. Bartle van der Meer who has ample international experience in banking, investment and paediatric nutritional products, together with the overseeing role of the independent non-executive Directors, the Group is now managed by a team of professional executives who have a strong background and diversified experience in paediatric nutritional products, consummating the internal governance of the Group. 

Mr. Yan Weibin, Chairman of the Company, said, "I am pleased to inform the Shareholders that the Company's shares have resumed trading on 4 August 2014 after fulfilling the resumption conditions set out by the Exchange. This is attributable to the support and efforts by our management and the patience and understanding by the Shareholders of the Company. The past two years were complicated and challenging to the Group.  While it is the Board's priority to deal with the issues leading to the Suspension, the Company has taken strategic move to comply with New Policies launched by the PRC government and at the same time to build the Group's upstream production and procurement capability in order to capture the growing momentum in the PRC and other overseas markets.  We believe that the New Policies launched by the PRC government will improve the national standard for the safety of dairy products and accelerate the consolidation of the paediatric milk powder industry and would eventually lead to the elimination of small and medium enterprises in this industry. We believe that the Group is the only Chinese corporation which possesses a comprehensive production chain in the industry from milk collection, production and packaging to marketing and sales. Looking ahead, we will further strengthen the relationships with our customers and distributors in the PRC; continue the strategy of upward integration; increase the production capacity in the Netherlands; launch goat milk and cow milk based infant formula to other overseas countries; continue to work with Beijing University for the joint research and development on products and utilizing the production and distribution tracking systems, in order to cater for the long term growth and demand of paediatric nutritional products as well as to fulfill the requirements of government policies and regulations. Last but not the least, the Group will continuously and proactively strengthen its corporate governance so as to establish a solid foundation for future growth and enhance the confidence of shareholders and potential investors. The Group will continue to strive for the highest returns and value to the Shareholders in the long run."

-End-

About Ausnutria Dairy Corporation Ltd

Ausnutria Dairy Corporation Ltd is a leading paediatric milk formula company with its production facilities principally based in the Netherlands and engaged in the dairy industry with activities ranging from the research and development, milk collection, processing, production, packaging in the Netherlands and marketing and sales of dairy products to the PRC, Europe, North America, Middle East and other overseas countries. For the year ended 31 December 2013, revenue of Ausnutria amounted to approximately RMB1,688 million, representing an increase of approximately RMB337 million from approximately RMB1,351 million for 2012. Despite of the share suspension since April 2012 and the New Policies as implemented by the PRC government, the Group was able to maintain a steady growth in both its turnover and operating results for the past two years.

Issued by Porda Havas International Finance Communications Group for and on behalf of Ausnutria Dairy Corporation Ltd. For further information, please contact:

Porda Havas International Finance Communications Group

Keely Chan

+852 3150 6760

keely.chan@pordahavas.com

Cherry Cheung

+852 3150 6773

cherry.cheung@pordahavas.com

Mandy Zhang

+852 3150 6765

mandy.zhang@pordahavas.com

Claire Li

+852 3150 6711

claire.li@pordahavas.com

Daniel Ip

+852 3150 6767

daniel.ip@pordahavas.com

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Diva Coffee: 100% Carbon Offset ECO Coffee

SYDNEY, July 2, 2014 /PRNewswire/ -- When Jim Storey started Diva Coffee, he believed that through business he could make the world a better place.

"When you run your own business you get to make your own choices," said Jim, owner of Diva Coffee. "So I decided to make positive choices for our planet and the communities supported by the coffee industry."

And so Diva ECO Coffee was born - coffee that's Ethical, Community focused and Organic. It's also 100% carbon offset.

"We've chosen the best of the best in terms of Ethical products," Jim said. "The coffee is Fair Trade certified which ensures that farmers get paid a reasonable amount for their work. By choosing Organic we're ensuring the sustainability of the coffee farms and communities that the beans are from, and 100% carbon offsets are helping keep the planet safe for our children."

A study in 2012 published in the Journal of Agricultural Science and Technology regarding the carbon footprint of coffee found that for every kilo of coffee harvested, approximately 5kg of carbon was released in its journey across the supply chain. So from the tree to your waste bin 5kg of carbon is released as the coffee is harvested, transported, roasted, packaged, ground and consumed. The packaging in capsules is even higher with a greater carbon footprint.

"The most exciting part of launching this product is choosing where to buy the carbon credits," said Jim. "It's like Christmas having money to spend helping others, especially choosing projects like the Kenya Lifestraw Project."

Traditionally water is purified in Kenya by boiling it - and the fuel for heating the water is the local forest. The Kenya Lifestraw Carbon Offset Program reduces deforestation by providing a healthy alternative using clean drinking water filters. Not only is this reducing carbon, providing clean drinking water is also saving lives.

"As soon as I saw the Kenya LifeStraw program I fell in love with it," said Jim. "As a parent I can only imagine the anguish of having to give your children potentially harmful drinking water. The LifeStraw project ticked all the environmental and ethical boxes for me."

To read more about this project, or Diva Coffee, head over to divacoffee.com.au.

Contact:

Jim Storey, CEO
15/20 Narabang Way
Belrose NSW 2085
Phone: +612-9986-3053
Email: sales@divacoffee.com.au

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Vitasoy Recorded a Consistent Business Growth with Acceleration across Categories and Geographies

HONG KONG, June 30, 2014 /PRNewswire/ -- 


Year ended  31st March



2014

HK$ Mn

 

2013

HK$ Mn

(restated)

Change

%

Turnover

4,494

4,051

11

Gross profit

2,175

1,925

13

EBITDA

653

618

6

Profit before taxation

457

423

8

Profit after taxation

341

334

2

Profit attributable to equity 
      shareholders of the Company

307

301

2

Basic earnings per ordinary share
     
(HK cents)

29.8

29.4

1

Interim dividend per share
     
(HK cents)

3.2

3.2

0

Final dividend per share (HK cents)

17.0

16.6

2

Dividend per share (HK cents)

20.2

19.8

2

Vitasoy International Holdings Limited ("VIHL" or "the Group") (SEHK Code: 0345), a Hong Kong-based manufacturer, marketer and distributor of non-carbonated beverages and food, today announced its audited annual results for the year ended 31stMarch 2014.

During the year, VIHL recorded a consistent strong growth of 11% in net sales to HK$4,494 million and achieved acceleration across core categories and markets. The gross margin increased 13% to HK$2,175 million, while profit attributable to equity shareholders improved by 2% to HK$307 million. The Group maintained its gross profit margin at last year's level of 48% attributed by the use of tactful pricing strategy and improved manufacturing efficiency.

"We forged ahead our business with strong execution focusing on core brands and key products despite a slower macroeconomic growth and rising commodity and labour costs. During the year, we focused our investment and innovation in our core categories of Soy/Plant Milk, Tofu and Tea and introduced more nutritional products to appeal to consumer needs. In terms of geographical development, our Mainland China business has accelerated gradually, while Hong Kong and Australia continued to sustain their performance and local leadership position. The North American have successfully restored profitability and Singapore operations maintained the business growth," said Mr. Winston Yau-lai Lo, Executive Chairman of VIHL.

Basic earnings per ordinary share were HK$29.8 cents for the period. The Board of Directors of VIHL proposed the payment of a final dividend of HK$17.0 cents per ordinary share (FY2012/13: HK$16.6 cents per ordinary share) for the year ended 31stMarch 2014. Together with the interim dividend of HK$3.2 cents per ordinary share, the total dividend per ordinary share amounted to HK$20.2 cents (FY2012/13: HK$19.8 cents per ordinary share).

Business Review

Hong Kong -- Consistent growth driven by focusing on core categories and in-store execution

The Hong Kong operation reported a 6% sales growth to HK$1,899 million. The Group's efforts in growing its soy milk and ready-to-drink tea categories have resulted in a stronger market leadership position. VITASOY CALCI-PLUS have reported the strongest sales growth within soy category, whilst SANSUI achieving the leadership position in the fresh soy drink segment. In the last financial year, Vitasoy Hong Kong's operating profit grew by 9% to HK$348 million.

In terms of new product and packaging, the Hong Kong operation has recently launched a new PET packaging for VITASOY soymilk and an innovative VITA Hong Kong Style Milk Tea to expand the Tea offerings.

The operating profit of Vitaland Group, a subsidiary of VIHL in school tuck shop business, has grown profitably, primarily driven by its dedicated efforts in driving new school accounts and school renewals, improved product mix and better planning labour and raw materials.

Mr. Roberto Guidetti, VIHL Group Chief Executive Officer, said, "We will keep strengthening our leadership position of our core brands across channels and packaging formats. Packaging innovation, brand execution and distribution expansion are crucial to further drive the growth of our core categories."

Mainland China -- Acceleration via innovation, execution and expansion

The Mainland China business maintained its strong growth momentum in the midst of a challenging operating environment and reported a 28% increase in net sales revenue to HK$1,505 million and 19% growth in operating profit to HK$145 million respectively. The "Go Deep, Go Wide" strategy has driven the Group's growth in business and making inroads into new territories, such as Jiangsu, Anhui, Hebei, Wuhan and Fujian.

During the year, Vitasoy China focused on unifying the VITASOY regional programs into a national one and rolled out a new communication campaign emphasising the product's unique functional benefits. In addition, a brand restage program which used new packaging graphics harmonizing with Hong Kong's VITASOY brand equities has increased the brand awareness in Mainland China.

On the product front, the operation's renewed execution and expansion of VITA Lemon Tea has resulted in the strong growth beyond the previous Guangdong borders and successfully adding a new revenue stream for VIHL.

"We will continue to accelerate business growth using our proven business model in Mainland China and focus on delivering a sustainable performance. We will also strengthen our execution, expansion and innovation in order to drive growth and build brand visibility, and raise the operational capabilities of our production bases," said Mr. Guidetti.

Australia and New Zealand -- Solid growth behind VITASOY restage, offset by weakened Australia dollar

Vitasoy Australia reported a 7% increase in sales revenue and 9% increase in operating profit in Australian dollar respectively. However, as impacted by currency depreciation, the operation recorded a decrease of 5% to HK$492 million in revenue and a drop of 1% to HK$87 million in operating profit.

During the year under review, the operation restaged its core Organic VITASOY range by leveraging the Australian grown whole bean proposition. Launch of new product packaging and an integrated TV campaign has helped the brand securing its number 1 position in the Soymilk market.  In addition, the VITASOY Oatmilk range has also been leading the market share in the category. Vitasoy has introduced a new "Organic" variant of CAFE for BARISTAS in the premium cafe market.

"Looking ahead, we will continue to bring innovative products, focus on the execution in grocery channels and drive the growth in coffee channels," Mr. Guidetti added.

North America -- Sustaining top line growth whilst restoring profitability

Vitasoy USA recorded a 6% increase in net sales revenue to HK$513 million and reported an operating profit of HK$7 million, mainly attributed by the volume growth and improved manufacturing and logistic efficiency.

During the year, the operation restaged NASOYA Tofu and launched a new packaging design. Vitasoy USA has secured a strong year of solid sales growth across all business channels and expanded the leading market position in both the US Tofu and Asian Pasta categories.

Mr. Guidetti said, "With our improved business base, we will continue to improve profitability of our North American business. We will increase our efforts in launching new value-added products in both Asian and mainstream markets and consumer communication campaigns. We will also continue our focus on further optimizing the manufacturing efficiency and reducing operating costs."

Singapore -- Maintaining leadership, strengthening operations and increasing profitability

Unicurd, the Group's wholly-owned subsidiary in Singapore, reported a 2% growth in net sales revenue to HK$85 million and 14% increase in operating profit to HK$8 million, attributed by a profitable product and channel mix as well as higher manufacturing efficiency. Unicurd will continue scaling up, adding important innovations and expanding the VITASOY franchise to drive business acceleration.

Outlook

Mr. Winston Lo, Executive Chairman of VIHL, concluded, "Our growth in FY2013/2014 has given us a strong and solid base for future development. We are confident that our growth will continue to benefit from the tailwinds of healthy trend and the demand for nutritious foods, despite a mixed global macroeconomic outlook. In the coming year, we will focus on our cores, which comprise our commitment to product quality, brand equity, our expanded infrastructure, and the readiness and competence of our people, through execution, expansion and innovation, to secure a long term success."  

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