Profit Archives - Page 3 of 4

Signage on a Tweed retail outlet in Winnipeg. (Dave Bedard photo)

Pot producer Canopy Growth sees profit in 2022

Costs cut, revenue increasing

By Reuters, GFM Network News February 10, 2021

Reuters — Canopy Growth Corp., the world’s largest pot producer, said on Tuesday it expects to turn a profit in the second half of 2022 after aggressive cost-cutting and higher demand for cannabis products helped narrow third-quarter losses. Canadian pot producers have been under pressure from investors seeking returns as profits remain elusive due to […] Read more

Chickpeas. (CalypsoArt/iStock/Getty Images)

Crops, Markets, Pulses

Pulse weekly outlook: Adversity bolsters chickpea bids

'Other crops just pencil in better'

By GFM Network News January 27, 2021

MarketsFarm — Canadian chickpea prices have either stayed firm or slightly went up as the pulse runs into more than its fair share of adversity. Limited supply, reduced demand and environmental factors have all affected the long-term prospects of the crop at home and abroad, according to Colin Young of MidWest Grain in Moose Jaw. […] Read more

Crops, Markets, Reuters

ADM beats profit estimates but revenue disappoints

By Tom Polansek, GFM Network News October 29, 2020

Reuters — Global grains trader Archer Daniels Midland beat Wall Street estimates for quarterly profits on Thursday, helped by strength in its grain milling and nutrition businesses. Still, revenue missed analysts’ expectations and net earnings attributable to the company were 44 per cent lower than a year earlier. Shares were down nearly three per cent […] Read more

Crops, Markets, Reuters

Bunge lifts outlook as quarterly profit nearly doubles

By GFM Network News October 29, 2020

Reuters — Agricultural commodities trader Bunge Ltd. raised its 2020 outlook after reporting a 91 per cent jump in adjusted third-quarter profit on Wednesday, as strong soy processing margins and robust demand for soy products boosted its core agribusiness segment. Bunge shares rose almost seven per cent to their highest level in more than a […] Read more

Syngenta’s headquarters in Basel, Switzerland. (Photo courtesy Syngenta)

Crops, Reuters

Syngenta says IPO ‘on track’

Ag chem firm books higher first-half profit

By Reuters, GFM Network News August 27, 2020

Zurich | Reuters — Agricultural chemical maker Syngenta posted higher first-half profit and sales on Thursday, helped by maintaining supplies to farmers and controlling costs during the coronavirus outbreak, and said it was on track to complete its public listing by mid-2022. The Swiss company, bought by state-owned ChemChina for $43 billion in 2017, posted […] Read more

Beef Cattle, Hogs, Livestock, Reuters

JBS to resume U.S. share listing plan after COVID-19 fallout

Management looking also for US$100 million in cost cuts

By GFM Network News August 15, 2020

Sao Paulo | Reuters — Brazil’s JBS SA is reviving plans to list shares on Wall Street after dealing with the COVID-19 pandemic’s fallout, CEO Gilberto Tomazoni said on Friday, as the world’s largest meatpacker reported strong quarterly results. Speaking on a conference call with analysts following the company’s second-quarter results, Tomazoni said the focus […] Read more

Crops, Markets, Reuters

Nutrien cuts profit forecast on weak ammonia prices

By Reuters, GFM Network News August 11, 2020

Reuters — Canadian fertilizer maker Nutrien on Monday cut its annual adjusted profit forecast as weaker-than-normal industrial demand held back prices for ammonia and urea ammonium nitrate. The company cut the top end of its 2020 adjusted earnings per share forecast to $1.90 from $2.10 earlier, while retaining the lower end at $1.50. Even as […] Read more

General, Markets, Reuters

Loblaw beats profit estimates as online sales surge

By Reuters, GFM Network News July 23, 2020

Reuters — Loblaw beat quarterly revenue and profit estimates on Thursday, driven by a near-fourfold jump in online sales, as stay-at-home Canadians used the retailer’s pickup and delivery services to stock up on bread, milk and eggs. With consumers still limiting their trips outdoors due to the COVID-19 pandemic, the company said it would invest […] Read more

File photo of a worker checking cannabis plants at a Tilray factory hothouse at Cantanhede, about 220 km north of Lisbon, on April 24, 2019. (Photo: Reuters/Rafael Marchante)

Crops, Reuters

Tilray, in cost reduction mode, cuts 10 per cent of workforce

By GFM Network News February 5, 2020

Toronto | Reuters — Tilray Inc. has cut 10 per cent of its 1,443-strong workforce as part of a global restructuring effort to reduce costs, the cannabis producer said Tuesday. “By reducing headcount and cost, Tilray will be better positioned to achieve profitability and be one of the clear winners in the cannabis industry,” the […] Read more

John Deere in October announced updates to its 7R tractor line for 2020, including the 7R 210 shown here. (Deere.ca)

General, Machinery, Reuters

Deere bets on cost cuts, services push to boost profits

By GFM Network News January 8, 2020

Chicago | Reuters — Deere and Co. on Wednesday said it will cut costs and ramp up investment in data-driven agriculture technology and its services business to make itself more profitable. In a pitch to investors, CEO John May said the measures are expected to boost operating profit margin to 15 per cent by 2022 […] Read more

U.S. grains: Soybean futures edge up as Argentina ends export tax waiver

U.S. livestock: Hog futures hit contract high, herd falls short of estimates

Eastern wheat to be included in Cereals Canada’s harvest assessment

GFM Network News

U.S. grains: Soybean futures edge up as Argentina ends export tax waiver

U.S. livestock: Hog futures hit contract high, herd falls short of estimates

Eastern wheat to be included in Cereals Canada’s harvest assessment

Tag Archives Profit

Pot producer Canopy Growth sees profit in 2022

Pulse weekly outlook: Adversity bolsters chickpea bids

ADM beats profit estimates but revenue disappoints

Bunge lifts outlook as quarterly profit nearly doubles

Syngenta says IPO ‘on track’

JBS to resume U.S. share listing plan after COVID-19 fallout

Nutrien cuts profit forecast on weak ammonia prices

Loblaw beats profit estimates as online sales surge

Tilray, in cost reduction mode, cuts 10 per cent of workforce

Deere bets on cost cuts, services push to boost profits

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