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Chiquita's profits in net increase

share
United States
Monday 09 May 2011

MD

News Image
Promising beginning of year for the company Chiquita which register good profits in Europe.

The company Chiquita Brands International Inc. shows  a profit in the first quarter with a net income of $26 million and a stabilization of the European & North American market.

 

While Chiquita registered losses last year, this beginning of year is promising. Chiquita affirmed its outlook for a 3 % increase in net sales.


Sales of Chiquita bananas have increased by 13% this year to 539 million.
Volume of sales increased of 7.4% in North America and 1% in the major European markets.


 
The world banana market seems out of the recession and other American companies like Fresh Del Monte and Dole have returned to profitability.
 

 

source : business week, banking news