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Updated · MarketWatch · May 11Kagome first-quarter net profit falls
4 articles · Updated · MarketWatch · May 11
- The Japanese food company posted net profit of Y2.06 billion for the quarter ended 31 March, down from Y2.81 billion a year earlier.
- Revenue edged up to Y67.56 billion from Y67.17 billion, but operating profit fell to Y4.12 billion from Y4.83 billion.
- Earnings per share declined to Y22.68 from Y30.19, with the results prepared under IFRS accounting standards.
Can Kagome's pivot to high-tech food innovation outrun the crippling impact of global inflation? Kagome created an orange-less juice to fight high costs. Is this the future of our food?