United States

PureCircle Ltd (PURE.L)

PURE.L on London Stock Exchange

19 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Purecircle says H1 sales fell 13.4 pct to $47.2 mln
Tuesday, 7 Mar 2017 02:08am EST 

Purecircle Ltd - : H1 sales fell 13.4 percent to $47.2 million . HY sales were $47.2 mln, a decrease of 13.4 pct, as a direct consequence of CBP action. Sales outside of us increased 10 pct. . HY gross margin decreased 15.5 pct to $19.1 mln, with gross margin percentage down 1.2 points to 40.4 pct .HY sales at $47.2 mln versus $54.5 mln, down 13.4 percent.  Full Article

PureCircle invests $100 mln to expand stevia footprint
Monday, 18 Jul 2016 06:00am EDT 

PureCircle Ltd : Additional investment of $100 mln in PureCircle agronomy program .Investment will focus on further development of company's farming footprint outside of China.  Full Article

Purecircle says COO Jordi Ferre resigns
Tuesday, 12 Jul 2016 02:00am EDT 

Purecircle Ltd : Jordi Ferre has tendered his resignation as chief operating officer to pursue a non-conflicting business opportunity . Ferre will remain an employee until 30 September 2016, actively engaged in business and ensuring a smooth handover of all responsibilities. .Meanwhile, ceo is leading search for Ferre's replacement..  Full Article

Purecircle sees FY 2016 sales not less than $138 mln
Wednesday, 6 Jul 2016 02:00am EDT 

Purecircle Ltd : Margins are expected to have strengthened considerably in FY16 with ebitda expected to be $37 million (FY15 $23 million), an increase of 60 pct . Sales for FY16 are expected to be not less than $138 million an increase of $11 million (9 pct) on FY15 . Net profit expected to be $15 million (FY15 $4 million) an increase of 275 pct . Net profit is stated after charging $2m of costs associated with our main market listing in October 2015 . Shipments detained by CBP in may 2016 referred to in our 2 June 2016 statement have now been released by CBP for import into United States .Company continues to work actively with CBP to effect a full resolution of issue for further shipments.  Full Article

U.S. releases impounded PureCircle stevia for import -statement
Wednesday, 29 Jun 2016 09:15am EDT 

U.S. Customs and Border Protection (CBP) has released the PureCircle Ltd shipments of stevia it detained in May for alleged links to a supplier that used force labor, the company said in a statement on Wednesday. : The shipments were released after a CBP review of documentation from PureCircle, which included independent verification . The audits found there was no evidence of forced, bonded or involuntary prison labor and that the product was not being supplied by Inner Mongolia Hengzheng Group Baoanzhao Agricultural and Trade LLC . The shipments were detained in the third seizure of imported goods since the implementation of a new law banning import of products made by forced label came into effect SOURCE: http://bit.ly/295HbIP (Reporting by Chris Prentice) ((christine.prentice@thomsonreuters.com; +1(646) 223 6136; Reuters Messaging: christine.prentice.thomsonreuters@reuters.net)).  Full Article

PureCircle says detention of stevia in U.S. could impact sales and profit
Thursday, 2 Jun 2016 03:25am EDT 

PureCircle Ltd : Issues a statement in respect of a recent U.S. Customs and Border Protection Communication . Order is based on an inaccurate allegation that these shipments contained products that were produced using forced labor. . CBP issued a communication regarding a detention order impacting shipments of stevia into USA refined and shipped by PureCircle . Have submitted relevant documentation of this, including independent, 3rd party verification to cbp . Depending on duration of detention order there could be some impact on sales and profit in current financial year. . Our product, including shipments being withheld by u.s. Customs is not sourced from Inner Mongolia Hengzheng Group Baoanzhao Agricultural and Trade LLC . Working with CBP to correct inaccurate information in CBP communication and to expedite release of our shipments .Committed to human rights and proper and fair use of labor.  Full Article

PureCircle Ltd announces appointment of PWC London as auditor
Wednesday, 20 Jan 2016 02:00am EST 

PureCircle Ltd:Announces the appointment of PricewaterhouseCoopers LLP (PwC London) as its external auditor for the financial year ending 30 June 2016.  Full Article