Ingredion Q4 Profit Down, Results Miss Estimates
date:Feb 08, 2014
Company's plant in Kenya and a change to its distribution model in that country. Absent that impact, sales would have been up about 6 percent. Operating income was $20 million, down $1 million, a decrease of 5 percent largely due to higher imported specialty grain costs.

Full year 2013 sales rose by 6 percent due to price/mix improvement and volume growth partially offset by currency devaluations. Volume was negatively impacted by $11 million due to the 2012 closure of the Company's plant in
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