DENMARK: AARHUS OLIE TO REPORT IMPROVED RESULTS
Article Abstract:
Aarhus Olie, the Danish producer of vegetable oils and fats, expects a DKr 190-195mn (about USD 26mn) operating profit for 1999, up from DKr 177mn in 1998. The result is expected to continue improving in 2000. The expected net result for 1999 has been adjusted to DKr 140mn from DKr 100mn thanks to improved results of the foreign subsidiaries Anglia Oils (England), Aarhus Inc (USA) and Santa Lucia (Mexico). In addition, the associated company in Malaysia, United Plantations Berhad, will report its highest profit so far. Aarhus Olie has also streamlined operations during 1999.
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 1999
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DENMARK: AARHUS OLIE IN ALLIANCE WITH TINE BIOMARINE
Article Abstract:
Aarhus Oliefabrik A/S yesterday entered into a strategic alliance with Norway's Tine Biomarine, a subsidiary of the Norwegian dairy company Tine Norsk Meierier BA, to develop Maritex, a company owned by Aarhus Olie and United Plantations Berhad. As a result of this deal Aarhus Oliefabrik will trim upward its profit forecast for the 2001. Aarhus Oliefabrik's MD Erik Hojsholt expects the company to post an operating profit of DKr300mn (US$34.8mn) for the whole of 2001.
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 2001
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Denmark: Aarhus Olie boosts profits
Article Abstract:
Aarhus Olie reports a net profit of DKr111mn (US$13.4mn) in the first nine months of 2001, which is in line with the company's expectations. It expects a net profit of between DKr155mn and DKr175mn for the whole of 2001. The company also anticipates an improvement of operating profit in 2002.
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 2001
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