Chiquita's profits in net increase
MD
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