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February 2, 2011

Swiss pharmaceutical giant Roche announced on 3 February that its full-year net profits rose by 11% year-on-year, despite putting into place a cost saving restructuring program.

Swiss pharmaceutical giant Roche announced on 3 February that its full-year net profits rose by 11% year-on-year, despite putting into place a cost saving restructuring program.

In a statement, the family-controlled company said that its profits increased in 2010 to 8.67 billion Swiss francs (€6.71 billion), from 7.78 billion francs the year before. However, its sales for the year reduced by 3%, attributed to the poor performance of its flu drug Tamiflu.

January 14, 2011

Ikea, the Swedish retailing giant owned by the Kamprad family, announced on 14 January that its net profit for 2010 had increased by 6.1% year-on-year, but said it plans to expand cautiously in 2011.

Ikea, the Swedish retailing giant owned by the Kamprad family, announced on 14 January that its net profit for 2010 had increased by 6.1% year-on-year, but said it plans to expand cautiously in 2011.

January 13, 2011

Cargill, the world’s largest agricultural commodities trader, announced on 12 January that its profits for the quarter ending November tripled, which was helped by accurate predictions of the weather and shifts in trade flows.

Cargill, the world's largest agricultural commodities trader, announced on 12 January that its profits for the quarter ending November tripled, which was helped by accurate predictions of the weather and shifts in trade flows.

Cargill's net earnings for the three months ending November rose to $1.49 billion from $489 million for the same period the year before. Also, first-half earnings more than doubled from $1.01 billion to $2.37 billion.

November 4, 2010

Ferrovial, the family-controlled infrastructure firm, announced 2 November that it has sold one of its airport holdings, Swissport International AG, to private equity firm PAI Partners for €654 million.

Ferrovial, the family-controlled infrastructure firm, announced 2 November that it has sold one of its airport holdings, Swissport International AG, to private equity firm PAI Partners for €654 million.

Swissport is the world's leading passenger and cargo handling company, and has an enterprise value of approximately €888 million, according to Ferrovial.

October 29, 2010

Ferrovial, the family-controlled infrastructure firm, announced it returned to profit in the third quarter thanks to a recovery in international construction and asset sales.

Ferrovial, the family-controlled infrastructure firm, announced it returned to profit in the third quarter thanks to a recovery in international construction and asset sales.

The Madrid-based company, which released its financial figures on 28 October, said it had made a net profit of €315 million in the first nine months of 2010, compared with a loss of €191 million during the same period in 2009. The company was hit hard by the dramatic fall in the Spanish construction sector during the financial crisis.

October 26, 2010

Luxottica, the world's biggest eyewear group which is 70% owned by the Del Vecchio family, recorded a 34.5% year-on-year rise in net profits to €101.9 million in the third quarter.

Luxottica, the world's biggest eyewear group which is 70% owned by the Del Vecchio family, recorded a 34.5% year-on-year rise in net profits to €101.9 million in the third quarter.
 
The rise is on top of the 30% rise in net profits in the second quarter of 2010.
 
In a statement the Milan-based company said it is targeting net profit of €400 million in 2010, 27% higher than in 2009.
 
Net sales rose 19.7% in the third quarter to €1.46 billion.
 

October 13, 2010

Cargill, the world’s largest agricultural commodities trader, notched up a 68% year-on-year rise in net profits in the first quarter ended August 31st on the back of strong demand for grain.

Cargill, the world's largest agricultural commodities trader, notched up a 68% year-on-year rise in net profits in the first quarter ended August 31st on the back of strong demand for grain.
 
The Minnesota-based company said buoyant growth in its trading and processing segments bolstered profits. Revenues in the quarter were $27.8 billion.
 

November 6, 2008

Despite reporting a 14% year-on-year drop in third quarter profits and the postponement of its capital increase, drinks giant InBev has announced that its $52 billion deal acquisition of AnheuserBusch will go ahead.

Despite reporting a 14% year-on-year drop in third quarter profits and the postponement of its capital increase, drinks giant InBev has announced that its $52 billion deal acquisition of AnheuserBusch will go ahead.

The Belgian brewer saw its profits fall to €447 million from €519 million over the same period last year but remains optimistic for the future.

July 10, 2008

Levi Strauss & Co, the family-owned jeans retailer, has recorded second-quarter profits of $1 million – down 98% from 2007. Net income dropped to $936 million from $1 billion a year earlier.

Levi Strauss & Co, the family-owned jeans retailer, has recorded second-quarter profits of $1 million – down 98% from 2007. Net income dropped to $936 million from $1 billion a year earlier.

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