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Fishing & Farming

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Schouw & Co. acquires majority of shares in Borg Automotive

Monday, 20 Mar 2017 08:15am EDT

Schouw & Co A/S : Acquires the majority of shares in Borg Automotive . Has entered into an agreement on acquisition of Danish industrial company Borg Automotive in Silkeborg, Denmark . It is intention that Schouw & Co. shall take over 85% of business . Business has been assessed at about 1.15 billion Danish crowns ($166.26 million) on a debt-free basis (enterprise value for 100% of business) . Acquisition is expected to become effective from beginning of April 2017 .For 9 month period in 2017 Borg Automotive is expected to be recognised with a revenue of about 800 million crowns and an EBIT in range of 110-130 million crowns.

Hayashikane Sangyo to quit business from Indonesia firm OMAKANE SDN.BHD.

Wednesday, 15 Mar 2017 03:10am EDT

Hayashikane Sangyo Co Ltd <2286.T>: Says it plans to quit business from Indonesia-based firm OMAKANE SDN.BHD. .Says OMAKANE SDN.BHD. is engaged in retort sausage business and the co is holding 50 percent stake in it.

Limoneira Q1 loss per share $0.16

Monday, 13 Mar 2017 04:02pm EDT

Limoneira Co : Limoneira company announces first quarter fiscal year 2017 financial results . Q1 loss per share $0.16 . Q1 revenue $28.1 million versus I/B/E/S view $24.6 million . Q1 earnings per share view $-0.18 -- Thomson Reuters I/B/E/S . Limoneira Co says company raises fiscal year 2017 earnings guidance range . Limoneira Co - based on our Q1 results and an improved outlook for year, we are raising our full year fiscal 2017 earnings guidance . Limoneira Co says company currently expects earnings per diluted share to be in range of $0.48 to $0.52 per share in 2017 . Limoneira Co says expects operating income for fiscal year 2017 to be in a range of approximately $14.4 million to $14.9 million . Limoneira Co sees fiscal year 2017 EBITDA is expected to be in range of $21.5 million to $22.0 million . Limoneira Co - company continues to expect to sell approximately 8.5 million to 9.0 million pounds of avocados in 2017 .Fy2017 earnings per share view $0.41 -- Thomson Reuters I/B/E/S.

KWS Saat SE H1 net sales up 27.6 pct to EUR 280.0 mln

Tuesday, 7 Mar 2017 01:05am EST

KWS Saat SE : Increased its net sales in the first half of 2016/2017 by 27.6 percent to 280.0 million euros ($296.41 million) . H1 earnings before taxes (EBIT) were –70.3 million euros, an improvement of 33.9 percent . Now expects its EBIT margin to achieve at least 10.5 percent for the fiscal year as a whole due to the expansion in sugarbeet cultivation area . Indications are that sugarbeet seed business will grow in the further course of fiscal 2016/2017 due to an increase in cultivation area .Still expects to increase its FY net sales by almost 5 percent on the back of an anticipated slight improvement in income.

Andersons enters agreement to sell farm center locations in Florida

Monday, 6 Mar 2017 08:00am EST

Andersons Inc : The Andersons enters into agreement to sell farm center locations in Florida . Has signed an agreement to sell its farm center locations in Florida To Wedgworth's Inc. of Belle Glade, Florida . Florida Farm centers are not strategically aligned with locations in Eastern corn belt . Andersons' products will continue to be available to customers in region through a distribution agreement with Wedgworth's .Andersons - agreement includes real estate & assets owned by co at Zellwood, Clewiston, Lake Placid as well as assets & operations located in Immokalee.

Omega Protein commences strategic review of human nutrition business

Wednesday, 22 Feb 2017 04:05pm EST

Omega Protein Corp - : Omega Protein commences strategic review of human nutrition business segment to increase shareholder value . Have initiated a strategic alternatives review for company's human nutrition business segment . "There can be no assurances that this strategic review will result in any specific action, or as to its timing" .In connection with strategic review, company has suspended its previously announced stock repurchase plan.

Zoneco Group revises 2016 net profit outlook to be 73 mln yuan to 83 mln yuan

Thursday, 26 Jan 2017 10:19pm EST

Zoneco Group Co Ltd <002069.SZ>: Sees net profit for FY 2016 to be 73 million yuan to 83 million yuan . Says in the previous outlook, the company expected the net profit for FY 2016 to be 45 million yuan to 55 million yuan . Says the net loss of FY 2015 was 242.9 million yuan .Comments that development of business and increased income are the main reasons for the forecast.

Hefei Fengle Seed to stop hotel business and dissolve hotel unit

Monday, 22 Aug 2016 05:47am EDT

Hefei Fengle Seed <000713.SZ>:Says it will stop its hotel business and dissolve its Anhui-based hotel wholly owned subsidiary.

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